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.
