Recap of the 2020 1st quarter Commercial Industrial Real Estate Market activity for the Los Angeles - Long Beach area in Southern California.
COVID-19 has impacted the Los Angeles/Long Beach Industrial markets on the heels of another record breaking year in 2019. Q1 saw a slight increase in the vacancy rate, but also an increase in the average asking lease rate. Congress passed the Payroll Protection Program (PPP) and other programs designed to provide relief and 1031 exchange buyers received extended deadlines. CLICK HERE TO READ THE FULL REPORT