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Industrial Drivers Are Totally Different This Cycle

While the last cycle saw healthy industrial activity, last-mile and logistics users are driving the tremendous industrial demand this time around.

By Kelsi Maree Borland | kelsimareeborland | Updated on July 17, 2017

Petra Durnin is the director of research and analysis for the Southern California market at CBRE.

The industrial market is thriving in Los Angeles, and in many ways, the market is outpacing the former peak. A recent study from CBRE compared 2005-2007 to 2014-2016 and found that vacancy rate, absorption, rental growth and completions are either exceeding or near the former peak, with the exception of construction, which has been kept in check. The drivers of this market, on the other hand, are totally different. This cycle, industrial activity is driven by last-mile and logistics users. To find out more, we sat down with Petra Durnin, director of research and analysis at CBRE.

GlobeSt.com: How does this industrial market from the prior peak compare to the market today?

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