Expiring Leases Will Fuel Industrial Activity Through 2021
Expiring industrial leases in Los Angeles will ensure strong leasing activity through 2021. According to research from JLL, nearly 300 industrial leases of 50,000 square feet or greater will expire over the next two years. In total, these leases account for 34 million square feet of leasing activity. This will leave many tenants searching for space in a market plagued by a shortage of supply.