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.
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.
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.
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.
Ron Mgrublian of Lee and Associates Los Angeles – Long Beach and Ed Matevosian of CBRE represented the buyer Hawk Eye Holdings, LLC.
Pomona, January 27, 2023—Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a sales transaction for a 288,195 industrial building located 2875 Pomona Boulevard, Pomona, California. This property was the largest industrial real estate transaction in Pomona in 2022.
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.
The Los Angeles Commercial Real Estate Industrial Submarket experienced continued increases in Sales Prices and Lease Rates.
The Commercial Real Estate Industrial submarket of Los Angeles, California in the San Gabriel Valley saw impressive gains in leasing and sales in the 1st Quarter of 2021.
The San Gabriel Valley saw impressive gains in leasing and sales activity in the 1st quarter of 2021 in the Industrial Commercial Real Estate segment. The top lease was a 572,240 SF transaction in El Monte and top sale a $33M deal in Pasadena. Click below for full report.
The San Gabriel Valley Industrial Real Estate Market still saw an increase in lease rates in the 2nd Quarter of 2020.
Despite the situation with COVID-19, the San Gabriel Valley Industrial Real Estate Market saw a decrease in vacancy rates and an increase in lease rates with Industrial Properties in the 2nd Quarter of 2020. The upward trend in rates is expected to continue as the effects of the virus subsides, but some re-trading is expected in the 3rd Quarter with Industrial Users. CLICK HERE FOR FULL REPORT
