Goodyear Tract

Goodyear Tract

We have a $3 million dollar project near the 200-acre Goodyear Tract located at Slauson Avenue and Avalon Boulevard.It is one of the older manufacturing centers in Los Angeles. Pricing is roughly 30% lower than other properties along the 110 Corridor. Obsolescence and neighborhood factors are the biggest reasons that you can find rents in the mid-$.20’s and sale prices in the mid-$30’s.There are a lot of lessons here that can apply to other parts of Los Angeles where manufacturing is either disappearing or adapting.

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South Bay Pricing Trends

South Bay Pricing Trends

South Bay continues the same pattern over the past 2 years. Buildings for sale are in demand and buildings for lease languish. There is considerable interest for smaller buildings and developers have taken this cue. New small building projects are under construction with asking prices in the $110 to $135 per square foot range depending on location.
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