San Gabriel Valley Q2 2024 Industrial Market Report

24 Jul

24Jul

In Q2 2024, San Gabriel Valley's industrial market showed resilience with a 5.9% vacancy rate.
Rental rates now stand at $18.72 PSF, NNN annually.
The construction sector is active, with 706,000 SF under development.
The City of Industry represents 72% of SGV's industrial base and is a key player in new Class A warehouse and distribution space projects.
Tenants and developers must stay vigilant and adapt to market fluctuations to capitalize on opportunities in the evolving SGV industrial landscape.

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