01May

The Industrial Real Estate Market in the San Gabriel Valley experienced continued low vacancy, but some rate reductions and landlord concessions are starting to occur.

Demand persisted in the San Gabriel Valley Industrial Real Estate Market in the 1st 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.

24Apr

Despite easing of vacancy rates, the Orange County Industrial Real Estate Market remains at historic high levels for lease rates and sale prices.

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.

10Apr

The fenced and paved ±41,464 SF site in Pomona zoned M2 has leased!

• Fenced and Paved Yard

• Mobile Office

• Power and Water Available

• Close to 60, 71 and 10 Freeways

06Apr

±111,078 SF fenced and paved yard for lease in Unincorporated San Bernardino County in the Inland Empire West.

• Truck and Container Storage Possible

• ±1,500 SF Building• Fenced and Secured Yard

• Unincorporated San Bernardino County

• Close Proximity to 10, 71, and 60 Freeways

07Mar

The ±31,634 SF site (±0.73 Acres) in Pomona, CA is leased!

ZONING: M1

TERM: Two (2) Years

Truck Parking and Outdoor Storage Possible

Lease Rate $0.25 gross

Light Industrial Uses

Fenced and Partially Paved Yard

Close to 10, 71, & 60 Freeways

02Mar

The ±40,000 SF Industrial Warehouse Space Available in Inland Empire West is now leased!

TERM: 1 Year, Month to Month Thereafter

• ESFR Sprinkler System

• 1-2 Docks Shared

• Office & Bathrooms Possible

• Dead Storage Okay

• High Functioning Property

• Great Strategic Location

• Minutes to 10 and 15 Freway

01Mar

New Listing Alert!! 1739 WEST 9TH STREET | UPLAND, CA 91786

AVAILABLE: ±25,550 SF (±0.59 Acres) of Land

• Truck Parking Possible

• Fenced Yard with Aggregate

Water/Power Possible

• Close to 10 and 210 Freeways

28Feb

±5,500 SF IG zoned Industrial Warehouse now available in Long Beach near the ports.

• Vacant and Ready For Occupancy

• Former Food Facility• Warehouse Floor Drains

• One (1) Ground Level Doors• Fenced / Paved Yard

• Licensed Cannabis Use Possible at Higher Lease Rate

• Close Proximity to Freeways and Ports

24Feb

Video of walls being tilted at a commercial building at Douglas Park in Long Beach California.

Commercial building tilt-up walls are a type of construction technique commonly used in the construction of large, commercial and industrial buildings. In this technique, the walls of the building are constructed on site, but instead of being built up from the ground, they are built flat on the ground and then tilted up into position.

The walls are typically made of reinforced concrete and are cast in large panels that are then lifted into place using cranes. This process can be completed relatively quickly and efficiently, and is often preferred for large commercial and industrial buildings because it allows for the construction of large, open spaces without the need for traditional load-bearing walls.

One of the primary benefits of tilt-up construction is speed. Because the walls are prefabricated offsite and then simply tilted into place, the overall construction process can be completed much faster than traditional construction methods. Additionally, because the walls are made of reinforced concrete, they are very strong and durable, making them an ideal choice for buildings that need to withstand harsh weather conditions or other extreme environments.

Another benefit of tilt-up construction is cost. Because the walls are constructed offsite and then lifted into place, there is less need for expensive equipment and materials on site, which can help to reduce overall construction costs.

Finally, tilt-up construction can also be an aesthetically pleasing option for commercial and industrial buildings. The panels can be designed to include a variety of architectural details, textures, and colors, giving the building a unique and visually appealing look.

Overall, tilt-up construction is a popular choice for commercial and industrial buildings because it is efficient, cost-effective, and durable.

14Feb

The Los Angeles - Long Beach Industrial Real Estate Market Report for the fourth quarter of 2022.

The Los Angeles industrial real estate market is one of the most active and sought after in the United States. It is a diverse market, ranging from smaller facilities to large, modern distribution centers. The demand for industrial space in Los Angeles has remained strong due to the city's strategic location, growing population, and thriving economy. The Los Angeles industrial real estate market has also benefited from the rise of e-commerce, as online shopping has led to an increased demand for warehouse and distribution facilities. While the COVID-19 pandemic has had an impact on many industries, the industrial sector has remained resilient, with strong leasing activity and a stable vacancy rate. Overall, the Los Angeles industrial real estate market presents many opportunities for investors, developers, and tenants alike. 

The Los Angeles industrial real estate market in the fourth quarter of 2022 was strong, with robust demand and limited supply leading to higher rental rates and lower vacancies. The e-commerce sector continued to drive demand for warehouse and distribution space. Overall, the market was characterized by a favorable balance between supply and demand, with positive outlook for the future.

09Feb

The fourth quarter 2022 report for the San Gabriel Valley Industrial Real Estate 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.

31Jan

Ron Mgrublian of Lee and Associates Los Angeles – Long Beach and Ed Matevosian of CBRE represented the buyer Hawk Eye Holdings, LLC.

Pomona, January 27, 2023 - In a noteworthy achievement, Lee & Associates, a prominent national commercial real estate provider renowned for its regional expertise, recently concluded a significant sales transaction involving a sprawling 288,195 square foot industrial building situated at 2875 Pomona Boulevard, Pomona, California. This particular transaction stands out as the largest industrial real estate deal in Pomona for the entirety of 2022.

The successful negotiation was orchestrated by Ron Mgrublian from Lee and Associates Los Angeles – Long Beach, in collaboration with Ed Matevosian from CBRE, both representing the buyer, Hawk Eye Holdings, LLC. This strategic partnership and negotiation prowess resulted in the seamless sale of the substantial industrial property.

The industrial real estate landscape in the East San Gabriel Valley has proven to be robust, with vacancy rates maintaining historic lows at 1.1%. Notably, the average market sale price per square foot in this region is an impressive $307, further underscoring the significance and value of the transaction orchestrated by Lee & Associates.

This successful deal not only reflects the expertise and proficiency of Lee & Associates but also underscores the buoyancy of the commercial real estate market in Pomona. As the largest broker-owned firm in North America, Lee & Associates has consistently demonstrated leadership excellence for over 40 years. Operating across the U.S. and Canada, with a substantial presence in various states and provinces, including but not limited to California, Colorado, Arizona, Florida, and more, Lee & Associates boasts a network of over 1,300 brokers nationwide.

The firm's commitment to providing specialized commercial real estate services on a local, regional, and national level has solidified its position as a key player in the industry. Lee & Associates' successful negotiation of the 288,195 square foot industrial building sale in Pomona exemplifies their dedication to delivering outstanding results for their clients while contributing to the vibrancy of the commercial real estate market. .  

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