Blog #industrial real estate

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.

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 rmgrublian@leelalb.com.  See brochure.

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