25Oct

The San Gabriel Valley Industrial Real Estate Market Report for the 3rd Quarter of 2023.

The industrial sector in the San Gabriel Valley continues to exhibit resilience and robustness, even in the face of a minor uptick in the vacancy rate, which now stands at 3.3%. This small increase in vacant industrial spaces has not had a significant adverse impact on the market. Rental prices have experienced only a slight dip since the previous quarter, currently averaging at an annual rate of $18.96 per square foot on a triple-net lease basis. 

Despite these minor fluctuations, construction activity in the San Gabriel Valley remains steady and thriving. A substantial 5.3 million square feet of new industrial developments are currently underway, illustrating the enduring demand for industrial properties in the region. 

However, it is essential to note that a moratorium in Pomona, California, affecting warehouses, trucking facilities, and other industrial-related uses, is poised to expire by the close of 2023. This pending expiration of the moratorium introduces an element of potential opportunity into the local industrial landscape. Both tenants and developers should keep a watchful eye on market dynamics and remain flexible in their strategies, ready to pivot to seize emerging opportunities in this ever-evolving industrial market in the San Gabriel Valley. 

In conclusion, the San Gabriel Valley's industrial sector is in a state of transition, with various factors in play, from the rise in vacancy rates to the imminent expiration of the Pomona moratorium. Adapting to these changes and staying well-informed about market shifts will be crucial for those involved in the industrial real estate market in this dynamic and resilient region.

24Oct

The 3rd quarter, 2023 Los Angeles - Long Beach Industrial Real Estate Market Report shows an uptick in vacancy.

A prevalent and unifying trend has emerged in the industrial markets of Greater Los Angeles & Long Beach, Orange County, and the Inland Empire during the third quarter of 2023: an uptick in vacancy rates. This development has undoubtedly captured the attention of real estate observers, raising questions about the resilience of these markets amidst evolving economic conditions.

While it's true that asking lease rates and sale prices have moderated from their previous peaks, they continue to hover at historically elevated levels. This is particularly noteworthy in the realm of leasing, where the prevailing rates are higher than what has been observed in the past. The apparent contrast between increased vacancies and persistent high asking rates creates an intriguing narrative within these markets.

The question that naturally arises is whether this shift in vacancy rates is a direct consequence of the recent Federal Reserve interest rate hikes or if it's a temporary slowdown in the market's momentum. The answer to this query remains somewhat elusive, and much like the economic outlook itself, it is subject to ongoing observation and analysis.

One plausible hypothesis is that the impact of the Federal Reserve's interest rate hikes has yet to fully materialize. These hikes may have prompted businesses and investors to reevaluate their strategies, potentially leading to a pause in leasing and purchasing activities. The full ramifications of such monetary policy decisions often take time to ripple through the real estate sector.

On the other hand, it is equally plausible that the observed increase in vacancy rates is a transient phenomenon. Industrial markets are influenced by a myriad of factors, including supply and demand dynamics, economic cycles, and regional conditions. Short-term fluctuations are not uncommon, and they may not necessarily indicate a fundamental shift in the health of these markets.

As we move forward, close monitoring and analysis of these markets will be essential to provide a more definitive answer. Factors such as employment trends, trade activity, and consumer behavior will play a pivotal role in shaping the trajectory of these industrial markets. Whether the current situation is a harbinger of sustained change or a brief pause in the continued growth of these markets will be revealed in the coming quarters, offering valuable insights into the ever-evolving real estate landscape.

04Oct

The ±79,279 SF M1 zoned Fenced Yard at 5059 E State St is now on the market For Lease!

• Fenced Yard

• Paved yard possible for increased lease rate

• Services Available (Water & Power)

• Minutes Away From 10, 60, & 71 Freeways

03Oct

The 4,524 square foot property at 1249 E. Holt Ave in Pomona, CA is now on the market is leased!

• Great Visibility

• Large Fenced and Paved Yard

• High Traffic Area

• City Gateway Segment

• Bonus Storage Downstairs (not included in SF)

29Sep

The 1.22 Acre Industrial Land Site on West Holt in Pomona is on the market For Lease.

AVAILABLE: 1.22 AC - (53,143 SF) Industrial Land

ZONING: Urban Neighborhood

• Truck Parking or Ourdoor Storage possible

• Cannabis Overlay Zone

• Excellent Access To The 71, 57 And 10 Freeways

28Sep

The former Bank of America building at 208 Main St, Seal Beach, CA is sold!

Prime Commercial Property For Sale

• High Traffic Location on Main Street, Seal Beach

• Prior Bank - Ideal for Retail & Various Uses


Property Highlights

• 208 Main Street, Seal Beach, CA

• Double Wide Lot

• Highly Visible Building

• Heavy Foot Traffic

• Spacious Interior Layout


Building Features

• Large, Open Space

• High Ceilings

• Storage Area


Amenities - Unlock the Potential of this Thriving Area!

• Main Street Retail District

• Close to the Beach

• Multiple Dining Options Nearby

• Public Transportation

14Sep

The ±4.37 Pomona, CA site is now on the market for sale, residential and industrial warehouse possible.

±4.37 Acres of Land

Mixture of Zoning by Parcel (Majority of IX1)

MidTown Segment (2 Parcels) and SB 330 (1 Parcel)

70 Units Per Acre (306 Total) Low Income Housing Possible

23Aug

The property at 1739 West 9th Street in Upland, California was leased by Ron Mgrublian of Lee & Associates.

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

• Truck Parking Possible

• Fenced Yard with Aggregate

• Water/Power Possible

• Close to 10 and 210 Freeways

15Aug

The ±10,208 Industrial Building Recently sold in the Highly Sought-After Long Beach Business Park

Listed for Sale by Ron Mgrublian and Jeff Coburn, the ±10,208 SF Long Beach Warehouse property recently sold. 

The Long Beach Industrial Submarket vacancy rates remain 41% below those of the Los Angeles Industrial Market, CoStar has the average Long Beach Market Sale Price at $367 PSF.

Ron Mgrublian is a Commercial Real Estate Broker focusing on Industrial Real Estate and Warehouse Properties with the Lee & Associates Los Angeles – Long Beach, Southern California office.

14Aug

The ±111,078 SF Fenced and Paved site in the middle of the San Gabriel Valley & Inland Empire-West markets just leased!

The unique ±2.55-acre site in Unincorporated San Bernardino County between Pomona, Chino and Ontario, CA leased to a local truck body and van equipment company.

According to CoStar there is little industrial land available in the submarket, leading to less activity in this area than the larger markets to the East.

Ron Mgrublian is a Commercial Real Estate Broker focusing on Industrial Real Estate and Warehouse Properties with Lee & Associates in the Southern California area.

31Jul

The Commericial Real Estate Services Company Economic Report for the 2nd Quarter of 2023.

Slowing Inflation and a Growing Economy is a positive sign for Q2-2023.

20Jul

The 2023, 2nd Quarter Industrial Real Estate Market report for the San Gabriel Valley, submarket of the LA Industrial Market.

The San Gabriel Valley Industrial Market remains robust.