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Tight Supply Sparks Industrial Gentrification

LOS ANGELES—With the historically low vacancy rates and climbing rents, the L.A. industrial is becoming a hub for high-quality, household name tenants that can afford to pay top dollar for space.

By Kelsi Maree Borland | kelsimareeborland | Updated on March 16, 2017

Port of Long Beach Proximity to the Port of Long Beach is one reason why demand is so high for industrial space in Los Angeles.

LOS ANGELES—The industrial rate in Los Angeles is falling to historic lows. It is all due to a confluence of factors: the ecommerce market has taken off; there is no land left for development; and Los Angeles has access to the two largest ports in the country. It all adds up to an incredibly active industrial market, but where is there to go in a market that is already maxed out? It was the question that we posed to  Chuck Littell, VP at Colliers International and an industrial expert, and he said that with no historic precedent, he doesn’t know.

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