Blog #south el monte

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 San Gabriel Valley industrial market in the fourth quarter of 2022 continued to perform well with low vacancy rates and rising rents. In the 1st quarter of 2023, it is expected to continue this trend with growing demand for industrial space from various industries, such as e-commerce, logistics, and manufacturing. The San Gabriel Valley's strategic location, close proximity to the ports of Los Angeles and Long Beach, and excellent transportation infrastructure make it an attractive location for businesses. 

Overall, the San Gabriel Valley industrial market in the 4th quarter of 2022 remained strong, with ongoing demand and limited supply driving up rents and pushing down vacancy rates.

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