18Jul

The 2nd Quarter 2023 Los Angeles - Long Beach Industrial Real Esate Market Report

Every key metric typically used to measure the health of the economy is performing well right now. GDP grew by 2.0% in Q1, and it is estimated to grow by 2.3% in Q2 by the Atlanta Fed . In terms of employment, over the last year the U.S. added 3.8 million jobs and now has an unemployment rate of 3.6%. With regard to inflation, both headline and core inflation are
trending downward. The Consumer Price Index (CPI) rose by 3% year-over-year in June and 0.2% for the month, below consensus estimates of 3.1% and 0.3%. This was the lowest rate of inflation since March 2021. And core inflation, which excludes food and energy prices, rose by 4.8% year-over-year and 0.2% for the month. The annual core inflation level was
the lowest since October 2021, and its monthly gain was the smallest gain since August 2021.

Most economists, forecasters, and business leaders are anticipating that the Fed will continue to raise rates throughout the year until it reaches its target inflation rate. For this reason, most forecasters still believe a mild and shallow recession is likely within the next twelve months. However, a significant minority are anticipating that the US economy will avoid a recession altogether. For example, in its latest forecast, the National Association of Realtors has the economy growing slowly every quarter throughout 2023 and projects the economy to grow by 1.1% for the whole year. 

Regardless of one’s stance on this issue, it is indisputable that the industrial market is in a favorable position to weather most headwinds the economy might face. Total retail sales grew by 1.6% in May 2023 compared to the same period a year ago , and as a percentage of total sales, e-commerce retail sales (one of the key drivers of the industrial sector) now stand at 15.1% – 3.9 percentage points higher than where it stood at its peak prior to the pandemic in Q4 of 2019. With this said, available space continues to increase and there has been a growing sentiment regarding a shift in negotiating power from Landlords to Tenants

22Jun

The Industrial property at 16400 Garfield Ave in Paramount, CA has leased!

Large Fenced and Paved Gated Yard

Dock High Loading

14'-17' Clear Height

Free Standing Building

High Visibility

Close to 91 & 710 Freeways

16Jun

The West Long Beach Industrial property has leased, contact me for more information.

• Former Food Facility

• Warehouse Floor Drains

• One (1) Ground Level Doors

• Fenced / Paved Yard

• Licensed Cannabis Use Possible at Higher Lease Rate

• Close Proximity to Freeways and Ports

02Mar

±40,000 SF Industrial Warehouse Space Available in Inland Empire West

TERM: 1 Year, Month to Month Thereafter

• ESFR Sprinkler System

• 1-2 Docks Shared

• Office & Bathrooms Possible

• Dead Storage Okay

• High Functioning Property

• Great Strategic Location

• Minutes to 10 and 15 Freway

31Jan

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.  

 More...

19Jan

The Orange Country, CA Commercial Industrial Real Estate Report for the fourth quarter in 2022

Continued low vacancy rates drove higher lease rates in the 4th quarter of 2022 despite the economy slowing in other areas.

17Jan

Long Beach, CA Industrial Warehouse property for sale, what you get when you list with us!

26Oct

The Los Angeles - Long Beach Industrial Real Estate Market Report for the third quarter of 2022.

Q3 2022 saw the economy start to slow but Industrial Real Estate remain tight.

06Oct

New Industrial 10,208 SF Warehouse For Sale at 3940 E Gilman Street in Long Beach California

±10,208 SF Industrial Warehouse Building

Dock Well Possible

High End Image Building

Easy Access to 405 Freeway

Top Industrial Park in Long Beach

27Jul

Now available for lease a ±27,750 SF building on a ±77,145 SF lot at 16400 Garfield Ave in Paramount, CA.

AVAILABLE: ±27,750 SF Bldg on±77,145 SF Lot

TERM: 3-5 Years

ZONING: M2

Large Fenced and Paved Gated Yard

Dock High Loading

Free Standing Building

High Visibility

Close to 91 & 710 Freeways

20May

The South Bay, Midcounties and Inland Empire all experienced further lease rate and sale price growth and demand continues to outstrip supply.

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.