Resource For Commercial Property Owners Quick Reads In Layman's Terms

The High Image New Construction ±20,847 SF Industrial Warehouse/Manufacturing Building in Baldwin Park, CA is For Sale and For Lease.

Available: ±5,000 SF to ±20,847 SF

Lot Size: ±40,847 SF of Land

Sale Price: $7.9M

Lease Rate: $0.85 / SF Gross for the first 6 months,$1.70 thereafter

Term: 3-5 years

Zoning: I-C

APN#: 8550-005-061

• High Image/Freeway Visibility

• Two (2) Dock High

• Three (3) Ground Level Doors

• 28’ Minimum Clearance Height

• 1240 Amps

• Large Fenced / Paved Yard

• 42 Parking Spaces

• See Brochure for 3D Matterport Virtual Tour

The Lee and Associates Economic Report is out for the 3rd quarter of 2024.

GDP Growth:

U.S. GDP grew at an annualized 2.8% in Q3, slightly below Q2's 3%.
Consumer spending rose 3.7%, the fastest since Q1 2023, but residential investment dropped 5.1%, its second consecutive decline.
Inflation hit the Fed's 2% target, with unemployment steady near 4%.

Employment:

254,000 jobs were added in September, the largest gain in six months.
The unemployment rate fell to 4.1%, while wages increased 4% year-over-year.
Upward revisions to prior months' job numbers highlight ongoing labor market resilience.

Monetary Policy:

The Federal Reserve cut interest rates by 0.5% in September, lowering the federal funds rate to 4.75%-5%.
Strong job data makes further significant rate cuts unlikely.
Fed Chair Powell emphasized balancing inflation control with stable employment.

Global Economy:

IMF projects global growth of 3.2% for 2024-2025, with risks from regional conflicts and trade disruptions.
Emerging Asia sees growth upgrades due to semiconductor demand, while Europe faces downgrades.
Global inflation is expected to decline from 6.7% in 2023 to 5.8% in 2024 and 4.3% in 2025.
Long-term growth remains constrained by aging populations and weak productivity.