Peter Muoio Peter Muoio is the chief economist for Ten-X.

With the most active ports in the country and a huge population, it may not be surprising to hear that California is the top market for industrial investment activity. However, what is surprising is that California is home to the top five industrial buy markets in the US. According to research from Ten-X Commercial, the top five buy market for industrial investment are Los Angeles, San Francisco, Oakland, Sacramento and San Jose.

“California boasts many low vacancy markets with constraints on expansion. Trade with China and the rest of Asia is an important source of demand for industrial/warehouse space in California, so the strong growth in US-China trade has benefitted the California markets,” Peter Muoio, chief economist at Ten-X Commercial, tells GlobeSt.com. “Additionally, the state's very strong economy, including its huge tech sector, helps drive demand for industrial space, including cloud computing and R&D facilities.”

Recommended For You

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.