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Strong Second Half Awaits Industrial Sector

LOS ANGELES-GlobeSt.com learns exclusively that strong absorption and large warehouses mean the industrial sector has a bright future, according to a recent Jones Lang LaSalle West Coast industrial brokerage meeting.

By Carrie Rossenfeld | Updated on December 18, 2012

(Save the date: RealShare Los Angeles comes to the Hyatt Regency Century Plaza in Los Angeles, CA, on March 27, 2013.) LOS ANGELES-With two years of consecutive quarter-upon-quarter vacancy rate decline, on which GlobeSt.com previously reported, the prognosis for industrial recovery in Southern California is good, according to Craig Meyer, international director and head of logistics and industrial services group at Jones Lang LaSalle. GlobeSt.com has learned exclusively that Meyer spoke at a recent JLL West Coast industrial brokerage meeting in which the big takeaway is that the back half of 2013 looks pretty good for the SoCal industrial sector.

“We’re looking at a flat first and a robust second half with continuing rental growth rates in key markets,” Meyer tells GlobeSt.com. “During the first half, everyone will be looking at the new tax structure and figuring out what that will mean.”

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