The Southern California industrial market has quickly adapted to the new pandemic-fueled market fundamentals with minimal impact. A new report analyzed the industrial market activity in Greater Los Angeles, Orange County and the Inland Empire, and found that activity declined only 3% compared to the same period in 2019. Read full article HERE.
Our worst recession isn’t the time for the biggest property tax hike ever. California Proposition 15, the Tax on Commercial and Industrial Properties for Education and Local Government Funding Initiative, is on the ballot in California as an initiated constitutional amendment on November 3, 2020. A "YES" vote supports this constitutional amendment to require commercial and industrial properties, except those zoned as commercial agriculture, to be taxed based on their market v
The industrial market has so far been the darling of the coronavirus pandemic, displaying strength as most other asset types have taken a hit. Demand for e-commerce services and goods have prompted those users to snap up more warehouse space around the country in order to cater to the growing number of people who are opting to order everyday items online. And though early in the pandemic it appeared lease terms might shorten, that trend evened out, and most industrial users a