Continued upward trends in sale prices and lease rates for commercial properties in the Southern California market.
$44.39 price per square foot increase in sale prices and $0.37 psf (monthly) increase in lease rates year over year Q1 2022. Click below for full report.
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.
AIR has partnered with NAIOP to alert the Commercial Real Estate Community about new proposed taxes and regulations for Southern California warehouses.
Click the link here to learn more and to take action before May 7th to oppose these new proposed taxes and regulations on Southern California warehouses by the South Coast Air Quality Management District (SCAQMD).
Ron Mgrublian gets another Commercial Industrial Warehouse Real Estate deal done at 2148 W. 16th St. in Long Beach, CA.
Another Commercial Industrial Real Estate deal got done on a Ron Mgrublian - Lee & Associates listing at 2148 W. 16th St. in Long Beach, CA. The property a former food facility features floor drains and one ground level door. It also has a fenced and paved yard, close to the freeways & ports and is in the Cannabis Zone. If you have a commercial warehouse property you would like to sell or lease, please contact Ron at rmgrublian@leelalb.com. See brochure.
