The Industrial segment of the Los Angeles-Long Beach Commercial Real Estate Market continued to rocket up with large gains in lease rates and sale prices.
Already low vacancy rates shrunk to 1.1% as lease rates and sales prices continue their ascent. An unprecedented 20% growth in rent rates was experienced in Q2 of 2021 and average sale prices increase by 37%! Click the below link for the full report.
The 1st Quarter of 2021 saw the continued lack of inventory in the Industrial Real Estate Market leading to the market to carry on with increasing in lease rates and sale prices.
The shortage of warehouse and industrial space available for lease and sale persisted in the 1st quarter of 2021. The continued rise of e-commerce has led to demand for industrial space to outstrip supply. Additionally, low interest rates have led to the average sale price to increase by... CLICK BELOW FOR FULL REPORT
In a up and down year, our latest report shows Industrial Real Estate closed strong in the 4th quarter of 2020.
While the Office and Retail sectors struggled in Commercial Real Estate, Industrial thrived. Inventory decreased and e-commerce continues to drive the hot Industrial and Warehouse segments.
The 3rd Quarter of 2020 featured an increase commercial real estate sales and leasing activity.
Sales in the 3rd quarter of 2020 almost tripled in the Los Angeles/Long Beach Industrial Market and leasing activity picked up decreasing vacancy rates by 25%. E-commerce will continue to pressure the availability of Industrial properties and warehouses for sale and for lease as the COVID-19 pandemic quickened the pace of change with consumer preferences. Click here for full report.
