The 3rd Quarter of 2020 featured an increase commercial real estate sales and leasing activity.
Sales in the 3rd quarter of 2020 almost tripled in the Los Angeles/Long Beach Industrial Market and leasing activity picked up decreasing vacancy rates by 25%. E-commerce will continue to pressure the availability of Industrial properties and warehouses for sale and for lease as the COVID-19 pandemic quickened the pace of change with consumer preferences. Click here for full report.
The 3rd quarter of 2020 saw continued rental rate growth and further reductions in the inventory levels in the San Gabriel Valley Industrial Market.
The vacancy rate continued its downward trend in the San Gabriel Valley, a submarket of the Los Angeles Industrial Real Estate Market, since peaking in Q1 of 2020. Rent growth also continued its upward trend since dropping in Q4 of 2019. Industrial Real Estate inventory levels remain low as interest rates continue to spur buying activity and COVID related consumer preference changes drive space demand from brick & mortar to e commerce & warehouse. Click here for full report.
