Industrial

The market has not seen significant positive absorption for about a year, but vacancy remains at a historic low.

Despite the Lunar New Year, the Port of Long Beach saw a 14% increase in cargo volumes in March, leading to the best performing first quarter in the port's history.

With 1.9 million square feet in the industrial pipeline—most of which will come to market this year—the North County market may see a dip in industrial rents.

The East Sacramento market currently has an industrial occupancy of approximately 96%, which demonstrates the significant demand throughout the region.

“Despite corrections ending a long winning streak in the financial markets, the benefits of the new tax law should shore up commercial real estate, especially industrial and office demand,” says Jason Wolf, founder of Burlington County-based WCRE.

With sessions on big data, blockchain and smart building technology, among others, SIOR's Spring World Conference will look to frame the future of CRE.

Rexford makes a quick grab at an value-add industrial deal for $133 per square foot, one of the highest prices paid for an industrial property in the Conejo Valley market.

The industrial building is net-leased for ten years to B. Braun Medical.