Southern California is home to the only two industrial markets that recorded double-digit rent growth among the top 30 markets in the country in November, according to a new report from Yardi's CommericalEdge.
High demand in the Inland Empire (13.8%) and Los Angeles (10.7%) led to "brisk" rent increases, according to the report.
Low vacancy rates also were found throughout the region with the Inland Empire at 1.2% (the second-lowest vacancy rate in the US) and Los Angeles and Orange County posting rates of 2.2% and 3.0%, respectively.
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