Blog #real estate

The San Gabriel Valley Industrial Market remains robust.

Some easing of demand in the 2nd quarter of 2023, see below for more.

For the first time in a long time a change in the market materialized in the 1^st quarter of 2023 in the Los Angeles – Long Beach Industrial Real Estate Market.  It appears that lease rates may have hit their ceiling for now.  The level of leasing activity in Q1 of 2023 dipped to levels not seen since 2006.  Despite the drop in activity demand for Industrial space remains at top levels and a struggle between historically high rates and the need for space is likely to play out over the next 18 or so months.

Demand persisted in the San Gabriel Valley Industrial Real Estate Market in the 1^st Quarter of 2023.  Despite new construction coming on-line and slightly higher vacancy rates, functional space remains in short supply.  Direction on the other hand does feel like its shifting somewhat with a few rate reductions and concessions being made by landlords.  

The San Gabriel Valley Market benefits from the region's proximity to major ports, transportation infrastructure and a large population center.  E-commerce and logistics companies are driving much of the demand for industrial real estate, as they seek larger and more functional warehouses and distribution centers to support their operations.

Overall, the San Gabriel Valley industrial real estate market is expected to remain strong in the near term, with continued demand, although rising interest rates do seem to be having a slowing effect on the market.

The industrial real estate market in Orange County, CA is continuing to experience high demand with low vacancy rates. The region’s industrial market is primarily focused on manufacturing and distribution, with industries such as aerospace, defense, and technology driving the demand for space. 

In Q1 of 2023, the average asking rent for industrial space in Orange County was around $1.64 per square foot, which is slightly higher than the Southern California average. Despite the higher rental rates, the market remains attractive, with limited availability and a high demand for industrial properties. 

Overall, the industrial real estate market in Orange County, CA is currently strong, and is expected to continue to attract demand from a range of industries due to its strategic location, desirability and proximity to major transportation routes.

Continued low vacancy rates drove higher lease rates in the 4th quarter of 2022 despite the economy slowing in other areas.

Q3 2022 saw the economy start to slow but Industrial Real Estate remain tight.

Despite slowing sectors, record demand continues to drive sale price and lease rate growth.

Low inventory levels in the Orange County Industrial real estate market and high demand leads to continued increases in lease rates and sale prices.

Continued low vancancy rates and strong demand fueled repeated increases in sales prices and lease rates in the San Gabriel Valley Industrial Real Estate Market.  Click below for full report.

716 West 6th St, Corona, CA 92882

AVAILABLE: ±3,928 SF 4 Unit Building on±9,148 SF of Land (±0.21 Acres)

YEAR BUILT: 1988

ZONING: GC (General Commercial)

» 100% Leased

» Month to Month & Short Term Leases

» Downtown Revitalization Area

» Great 1031 Investment

» Minutes to 91 Freeway and Amenities

» Do Not Disturb Tenants

The Los Angeles / Long Beach Industrial Real Estate market experienced more of the same, high demand and low supply.  Sale prices and lease rates for warehouses and industrial properties continue to set all time highs.  Click below for full report.