Los Angeles County has the highest sales volume in the country. According to a recent report, the county had $28 billion in total commercial real estate sales volume in 2019, the highest in the nation. The activity is on trend with the sales average for the last four years in the market. No surprise, industrial and multifamily were the most popular investment asset classes. Industrial sales accounted for $7.7 billion of the total sales volume, compared to $4.9 billion in 2018

The Los Angeles industrial market finally showed some signs of cooling in 2019 after a dynamic stretch of growth. Overall net absorption, the difference between move-ins and move-outs, was negative last year, and industrial vacancies rose for the first time since the recession. However, the vacancy rate was at an all-time low of near 2% at the start of 2019, and vacancies remain around 3% today, which is the lowest rate of any major industrial hub in the country. These tight