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L.A. Industrial Rents Hit Record Highs



Industrial rents have hit a new record. According to research from NAI Capital, industrial rents in the popular L.A. submarket are up 16.4% year-over-year to $0.84 per square foot.

Rents are increasing rapidly. Quarter-over-quarter, rents have increased 7.7% quarter-over-quarter.

The rapid increase in rents have fueled development activity. The new construction pipeline is 1.5 million square feet, an increase of 43.9% over last year.


Read more here https://www.globest.com/2019/08/16/l-a-industrial-rents-hit-record-highs/?kw=L.A.%20Industrial%20Rents%20Hit%20Record%20Highs&utm_source=email&utm_medium=enl&utm_campaign=californiaalert&utm_content=20190816&utm_term=rem

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The information above has been obtained from sources deemed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for illustration only and do not represent the current or future performance of the property.