Dear Tenants and Property Owners, On November 3rd there is a ballot initiative called Proposition 15. Amid an unprecedented economic crisis, special interests are pushing Prop 15 on the statewide ballot that will destroy Prop 13’s property tax protections and will be the largest property tax increase in California history. Prop 15 will raise taxes on business property, leading to higher rents for small businesses. You have probably seen the ads where the proponents of Prop 15

The article below is provided by No on Prop 15

Conditions in the Los Angeles industrial market have softened as a result of the coronavirus pandemic. Vacancy has risen notably from its most recent low in late 2019, and rental rates, which saw cumulative rent growth of 75% during the past decade, have plateaued since the first quarter. However, not all is amiss in the sector, and the current picture looks better than other property types in L.A. Read More @ Costar.com