Industrial Real Estate was strong once again in the 4th Quarter of 2020 in Orange County.
Orange County posted the most annual tenant growth in five years as Industrial Real Estate continues to thrive despite the economic challenges of COVID. Ecommerce continues to be a big driver, click below for full report.
Mgrublian arranges the lease of another industrial warehouse property
Ron Mgrublian of Lee and Associates was able to arrange the leasing of 2925 Seaboard Lane in North Long Beach, California. The tenant able to secure much needed overflow space for PPE products and the owner was able to lease vacant space short term. If you are an owner looking to sell or lease warehouse or industrial real estate property or a tenant looking to buy or lease, contact Ron now.
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.
Ron Mgrublian gets another Commercial Industrial Warehouse Real Estate deal done at 2148 W. 16th St. in Long Beach, CA.
Another Commercial Industrial Real Estate deal got done on a Ron Mgrublian - Lee & Associates listing at 2148 W. 16th St. in Long Beach, CA. The property a former food facility features floor drains and one ground level door. It also has a fenced and paved yard, close to the freeways & ports and is in the Cannabis Zone. If you have a commercial warehouse property you would like to sell or lease, please contact Ron at email@example.com. See brochure.
E-Commerce is one of the segments faring well in these times of COVID-19 as explained in the 2nd Quarter 2020 Long Beach - Los Angeles Industrial Real Estate Market Report.
While many parts of the economy are down right now, manufacturing, e-commerce and cold storage appear to be the segments doing well in Industrial Real Estate. Though vacancy rates remain at historic lows, there was a slight uptick from Q1 to Q2. Lease rates however remained unchanged, CLICK HERE FOR FULL REPORT