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Marijuana Legalization Sparks New Industrial Demand

The marijuana market is heating up, and it is driving activity for B- and C-quality industrial assets in Los Angeles.

By Kelsi Maree Borland | kelsimareeborland | Updated on June 26, 2017

Brandon Carrillo Brandon Carrillo

The legalization of marijuana in November has created even more industrial demand in the Los Angeles market, where the industrial vacancy rates is dipping below 1% in some submarkets and there is an extreme dearth of supply. According to Brandon Carrillo, a principal at Lee & Associates, says that the firm has seen a tremendous amount of new activity for B- and C-class assets as a result of legalization. To find out more about these emerging trends, what the new activity will mean for existing users and how the State and local cities are handling the challenge of managing the income tax from these businesses, we sat down with Carrillo for an exclusive interview.

GlobeSt.com: Has the legalization of marijuana spurred activity for older industrial product?

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