E-Commerce is one of the segments faring well in these times of COVID-19 as explained in the 2nd Quarter 2020 Long Beach - Los Angeles Industrial Real Estate Market Report.
While many parts of the economy are down right now, manufacturing, e-commerce and cold storage appear to be the segments doing well in Industrial Real Estate. Though vacancy rates remain at historic lows, there was a slight uptick from Q1 to Q2. Lease rates however remained unchanged, CLICK HERE FOR FULL REPORT
Recap of the 2020 1st quarter Commercial Industrial Real Estate Market activity for the Los Angeles - Long Beach area in Southern California.
COVID-19 has impacted the Los Angeles/Long Beach Industrial markets on the heels of another record breaking year in 2019. Q1 saw a slight increase in the vacancy rate, but also an increase in the average asking lease rate. Congress passed the Payroll Protection Program (PPP) and other programs designed to provide relief and 1031 exchange buyers received extended deadlines. CLICK HERE TO READ THE FULL REPORT
INDUSTRIAL REAL ESTATE MARKET OVERVIEW - Q1 2020
The vacancy rate rose in the San Gabriel Valley Industrial Market in first quarter of 2020. New construction brought additional square footage to the marketplace adding over one million square feet. It will be interesting to see how this new supply is absorbed as situation regarding COVID-19 continues to unfold. Click here for more details.
