24Jul

The Industrial Real Estate Market Report for the San Gabriel Valley is out for the 2nd quarter of 2024.

  • In Q2 2024, San Gabriel Valley's industrial market showed resilience with a 5.9% vacancy rate.
  • Rental rates now stand at $18.72 PSF, NNN annually.
  • The construction sector is active, with 706,000 SF under development.
  • The City of Industry represents 72% of SGV's industrial base and is a key player in new Class A warehouse and distribution space projects.
  • Tenants and developers must stay vigilant and adapt to market fluctuations to capitalize on opportunities in the evolving SGV industrial landscape.
02Feb

The Industrial Market Report for the San Gabriel Valley Submarket of Los Angeles in the Fourth Quarter of 2023.

During the fourth quarter of 2023, the San Gabriel Valley Industrial Submarket of Los Angeles experienced a continuation of the trend where available space increased once again, marking a significant factor in the local industrial real estate landscape. This rise in available space suggests potential shifts in market dynamics, such as increased supply or adjustments in tenant demand, influencing the overall vacancy rates in the submarket. 

The submarket faced a minor setback in terms of average rents, which decreased by $0.07 to $1.56 NNN (Triple Net Lease). This decrease may be attributed to the delicate balance between supply and demand, tenant negotiations, and broader economic factors that impact the pricing dynamics of industrial properties in the San Gabriel Valley. 

Within the Pomona Industrial Market, warehouse buildings in the fourth quarter of 2023 had an average sale price of $308.76 per square foot (PSF). This figure provides valuable insights into the local market's pricing dynamics, reflecting the perceived value of industrial properties in Pomona during that specific quarter. 

In the neighboring City of Industry, the average sale price per square foot for warehouse buildings stood higher at $351.68. This higher price point suggests that the City of Industry maintained a premium position within the San Gabriel Valley, potentially due to factors such as strategic location, specialized facilities, or a higher level of demand in that specific submarket. 

Looking at the San Gabriel Valley Industrial Market as a whole, the average sale price settled at $304.52 PSF during Q4 of 2023. This comprehensive figure encompasses the performance of various submarkets within the San Gabriel Valley, highlighting the overall pricing trend for industrial properties across the region. 

In summary, the fourth quarter of 2023 witnessed an increase in available space in the San Gabriel Valley Industrial Submarket, coupled with a slight decrease in average rents. The variations in average sale prices across specific markets, such as Pomona and the City of Industry, add complexity to the overall real estate landscape. Stakeholders and investors may find value in analyzing these trends to make informed decisions in response to the evolving dynamics of the San Gabriel Valley's industrial real estate market.

25Oct

The San Gabriel Valley Industrial Real Estate Market Report for the 3rd Quarter of 2023.

The industrial sector in the San Gabriel Valley continues to exhibit resilience and robustness, even in the face of a minor uptick in the vacancy rate, which now stands at 3.3%. This small increase in vacant industrial spaces has not had a significant adverse impact on the market. Rental prices have experienced only a slight dip since the previous quarter, currently averaging at an annual rate of $18.96 per square foot on a triple-net lease basis. 

Despite these minor fluctuations, construction activity in the San Gabriel Valley remains steady and thriving. A substantial 5.3 million square feet of new industrial developments are currently underway, illustrating the enduring demand for industrial properties in the region. 

However, it is essential to note that a moratorium in Pomona, California, affecting warehouses, trucking facilities, and other industrial-related uses, is poised to expire by the close of 2023. This pending expiration of the moratorium introduces an element of potential opportunity into the local industrial landscape. Both tenants and developers should keep a watchful eye on market dynamics and remain flexible in their strategies, ready to pivot to seize emerging opportunities in this ever-evolving industrial market in the San Gabriel Valley. 

In conclusion, the San Gabriel Valley's industrial sector is in a state of transition, with various factors in play, from the rise in vacancy rates to the imminent expiration of the Pomona moratorium. Adapting to these changes and staying well-informed about market shifts will be crucial for those involved in the industrial real estate market in this dynamic and resilient region.

20Jul

The 2023, 2nd Quarter Industrial Real Estate Market report for the San Gabriel Valley, submarket of the LA Industrial Market.

The San Gabriel Valley Industrial Market remains robust.

01May

The Industrial Real Estate Market in the San Gabriel Valley experienced continued low vacancy, but some rate reductions and landlord concessions are starting to occur.

Demand persisted in the San Gabriel Valley Industrial Real Estate Market in the 1st Quarter of 2023.  Despite new construction coming on-line and slightly higher vacancy rates, functional space remains in short supply.  Direction on the other hand does feel like its shifting somewhat with a few rate reductions and concessions being made by landlords.  

The San Gabriel Valley Market benefits from the region's proximity to major ports, transportation infrastructure and a large population center.  E-commerce and logistics companies are driving much of the demand for industrial real estate, as they seek larger and more functional warehouses and distribution centers to support their operations.

Overall, the San Gabriel Valley industrial real estate market is expected to remain strong in the near term, with continued demand, although rising interest rates do seem to be having a slowing effect on the market.

09Feb

The fourth quarter 2022 report for the San Gabriel Valley Industrial Real Estate Market.

The San Gabriel Valley industrial market in the fourth quarter of 2022 continued to perform well with low vacancy rates and rising rents. In the 1st quarter of 2023, it is expected to continue this trend with growing demand for industrial space from various industries, such as e-commerce, logistics, and manufacturing. The San Gabriel Valley's strategic location, close proximity to the ports of Los Angeles and Long Beach, and excellent transportation infrastructure make it an attractive location for businesses. 

Overall, the San Gabriel Valley industrial market in the 4th quarter of 2022 remained strong, with ongoing demand and limited supply driving up rents and pushing down vacancy rates.

18Oct

The 3rd quarter Commercial Real Estate Industrial Market Report for the Los Angeles submarket, the San Gabriel Valley showed continued higher sale prices and lease rates.

Despite slowing sectors, record demand continues to drive sale price and lease rate growth.

19Jul

The Los Angeles Industrial Real Estate submarket in the San Gabriel Valley experierence continued increases in sale prices and lease rates in the 2nd Quarter of 2022.

Continued low vancancy rates and strong demand fueled repeated increases in sales prices and lease rates in the San Gabriel Valley Industrial Real Estate Market.  Click below for full report.

09May

Ron Mgrublian and Patrick Reddy quickly lease the property at 2094 E. Foothill Blvd in Pasadena!

The rare freestanding Industrial Warehouse property in Pasadena, CA features a double wide dock high door and excess land in back.  Click below for more information.

19Apr

The Los Angeles Commercial Real Estate Industrial Submarket experienced continued increases in Sales Prices and Lease Rates.

04Mar

New leasing listing, a ±5,308 SF Industrial Warehouse Building at 2094 Foothill Blvd in Pasadena, California.

• Double Wide Dock Door 

• Rare Freestanding Pasadena Building 

• Excess Land 

• Plentiful Amenities Nearby 

• Allen Station (Gold Line) Less Than One Mile Away 

• Minutes to 210 Freeway

19Aug

Despite record low inventory Ron Mgrublian & Patrick Reddy were able to successfully find an exchange in the highly sought after Pasadena, California market.

Representing the Seller on the sale of 15343 Illinois Ave in Paramount, California, Ron Mgrublian was able to successfully find the Upleg portion of the 1031 Exchange for his client.  The property at 2094 E. Foothill Blvd in Pasadena, CA was identified with the assistance of Patrick Reddy of the Lee & Associates LA North office.  For more information contact Ron Mgrublian.