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Industrial Users Consolidate in Mid-Counties

LOS ANGELES-Some relatively small deals financially say much about what is going on in the region's industrial markets as users consolidate operations for efficiency.

By Bob Howard | Updated on April 06, 2009

LOS ANGELES-Some relatively small deals financially say much about what is going on in the region’s industrial markets as users consolidate operations for efficiency. Stephen Calhoun, a senior vice president in Colliers International’s Commerce office who specializes in industrial properties within Central Los Angeles, says that many of the industrial deals being closed these days illustrate that, in today’s market, it is important for companies to operate as efficiently and effectively as possible.

“That could mean downsizing or consolidating operations, which is a major trend we are tracking among industrial users in Los Angeles,” Calhoun says. As evidence of this trend, he cites a lease by Los Angeles-based ATV Inc., a tire warehousing and distribution firm.

ATV leased a 71,712-square-foot industrial building at 16201 Commerce Way in Cerritos, one of the Mid-Counties submarkets, for approximately $1.2 million. The Mid-Counties submarkets are so named because they include markets in both Los Angeles and Orange counties that many industrial users favor for their central location.

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