LOS ANGELES—Ecommerce may be the most prominent driver of the industrial market, but it certainly isn't the only one. In a end-of-the-year report, JLL outlined the five factors impacting the industrial market. At the top of the list, is infrastructure revival, followed by ecommerce and urban logistics, updates at the ports, institutional investor interest and the rise of creative industrial redevelopment. To find out more about the issues impacting the industrial market, and what these mean for industrial market growth in 2017—spoiler: it's another big year—we sat down with Mike Fowler, EVP at JLL for an exclusive interview.

GlobeSt.com: The industrial market has had a record-breaking year in 2016 and 2015. Do you expect this trend to continue through 2017?

Mike Fowler: At this point I do not see any major shifts or trends that will have a negative impact on vacancy or demand in 2017. With a less than one percent vacancy rate across all LA sub-markets the demand for industrial space is pretty even. Regional relocation options are given much greater consideration by tenants. It is not uncommon for a South Bay tenant to evaluate a move to the central or mid-counties markets and vise-versa as they seek out alternatives.