Los Angeles is leading the nation for industrial vacancy rate. According to a new report from Newmark Knight Frank, the market has a 1.3% vacancy rate and has seen 21 consecutive quarters below 2%. Net absorption also continues to outpace new construction activity, with 4.7 million square feet absorbed in 2019. The activity is largely attributed to the robust port system in the Los Angeles area. The port system isn’t the only factor driving industrial activity to record highs

Entering a new decade in the 21st century, Chatsworth has come a long way from its punchline reputation in the 1980’s as the capital of the porn industry. In fact, developers have transformed the northwest corner of the San Fernando Valley with upgrades on size-able industrial real estate developments. For example, a massive upgrade of the Valley headquarters of MGA Entertainment Inc. was just completed last May. A huge 255,000 square-foot project is under development in the

In the property management business, industrial real estate is the most reliable and profitable in the San Fernando Valley. On the investment side, there's been a big demand for industrial properties. The demand for leasing is higher in the industrial world. The robust leasing of warehouses is "supply and demand" Industrial is very strong and picking up the strength retail used to have. Retail is less favored; industrial has higher occupancy and higher rental rates. Read more