In a up and down year, our latest report shows Industrial Real Estate closed strong in the 4th quarter of 2020.
While the Office and Retail sectors struggled in Commercial Real Estate, Industrial thrived. Inventory decreased and e-commerce continues to drive the hot Industrial and Warehouse segments.
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.
