The Los Angeles Industrial Market received some bruises during the second quarter. Net absorption has now been in the red for three consecutive quarters. The vacancy is up 100 basis points from its recent low of late last year. Rent growth turned negative last quarter for the first time in 10 years. As for Industrial Sales, dollar volumes (not dollar per square foot) are well below historical averages. The Leasing Market didn't see Leasing activity slow to the extent seen acr
Image provided by Getty Images California election officials assigned numbers to a dozen statewide initiatives on the November ballot, including the high-profile property tax and rent control measures that are vehemently opposed by the commercial real estate industry and other business groups. Secretary of State Alex Padilla this week presented the newly numbered rent control and split-roll property tax propositions along with six other initiatives that qualified for the Nov.