If you own or lease industrial space in Paramount, here's where things stand as of the third quarter of 2026, based on the latest CoStar data for the local industrial trade area.
Vacancy in the trade area that covers Paramount is sitting at 3.0%. That's actually down 0.9 points from a year ago, driven by 196,000 SF of positive net absorption against zero new deliveries. To put that in perspective, the five-year average vacancy rate here is 2.4%, and the ten-year average is 1.9% — so 3.0% is a touch above the longer-term norm, but still tight by almost any market's standards. Roughly 800,000 SF is currently listed as available, an availability rate of 3.7%. The forecast has vacancy drifting up modestly to 3.7% by the end of the year.
There's essentially no new construction in the pipeline right now, which isn't unusual for this area — it has averaged only about 4,500 SF of space under construction annually over the past decade. Infill markets like this one simply don't have much room left to build.
Asking rents across the trade area average $15.40/SF, with logistics buildings running close to that figure, flex space commanding closer to $18.90/SF, and specialized industrial around $15.00/SF. Year over year, rents are down 4.1%, roughly in line with the broader Los Angeles industrial market's 4.0% decline. That's a shift from the growth owners got used to over the last several years — five-year average annual rent growth here is 3.7%, and the ten-year average is 5.6%. The current forecast has rents ending 2026 down 4.1% for the year before growth resumes.
Thirty-five industrial properties traded in the broader trade area over the past 12 months, totaling roughly 420,000 SF of turnover and $87.8 million in sales volume. That's below the five-year average of $103 million and the ten-year average of $92.4 million, which tracks with what we've seen across most Southern California industrial submarkets this year — fewer deals, but still meaningful activity.
Estimated pricing here runs about $285/SF, a bit under the broader market average of $313/SF. Cap rates are averaging 5.4%, essentially in line with the market average of 5.3%.
I recently represented the lease of 16400 Garfield Ave, a 27,750 SF industrial building in Paramount. Deals like this one are a good real-world check against the broader trade area numbers above — even with rent growth softening market-wide, well-positioned buildings in Paramount are still finding tenants when they're priced and marketed correctly.
Vacancy is still tight and cap rates haven't moved much, but rent growth has gone negative for the first time in a while. If you're an owner weighing whether to sell, refinance, or just want a sense of where your building sits in today's market, that's exactly what a Broker Opinion of Value is for — a free, no-obligation starting point based on current data like what's above. Keep in mind a BOV is a market estimate, not a formal appraisal; if refinancing is the goal, your lender will still require an appraisal from a licensed appraiser as part of underwriting.
Market data sourced from CoStar Group, licensed to Lee & Associates.
We specialize in industrial real estate from the greater Los Angeles to the Inland Empire markets, including: Long Beach, Carson, Torrance, Gardena, Compton, Rancho Dominguez, Wilmington, Paramount, Santa Fe Springs, Huntington Beach, Garden Grove, Irwindale, Signal Hill, Pomona, City of Industry, and Ontario, serving surrounding submarkets including LA South Bay, LA Central, Mid-Counties, San Gabriel Valley, Orange County and the Inland Empire.
Q: What is the current industrial vacancy rate in Paramount?
A: The industrial trade area covering Paramount has a vacancy rate of 3.0% as of Q3 2026, down slightly from a year ago.
Q: Are industrial rents rising or falling in Paramount?
A: Rents are currently down 4.1% year over year, in line with the broader Los Angeles industrial market.
Q: Is now a good time to sell an industrial property in Paramount?
A: It depends on your building, tenancy, and goals. Cap rates and pricing have held relatively steady even as rent growth has softened. A complimentary valuation is the best way to get a clear, current picture for your specific property.
Q: Does Ron Mgrublian provide free property valuations for Paramount owners?
A: Yes. Ron provides a complimentary Broker Opinion of Value for industrial and warehouse property owners, with no cost and no obligation.
Ron Mgrublian
Principal, Lee & Associates Los Angeles – Long Beach
562-354-2537
5000 E Spring St, Suite 600, Long Beach, CA 90815
CalDRE# 01902882
