therealdeal.com
Los Angeles’ industrial market isn’t as hot as it once was because of people pulling back from shopping.
At the end of the second quarter, 3.7 percent of all industrial space was available, marking a 14.5-year high, according to a report from Newmark. “Vacancy will rise for the foreseeable future,” Newmark said in its report. Rents for L.A. warehouses are deterring tenants from moving into the region or expanding in L.A. More warehouses are getting built, bumping up vacancy.
More tenants are al…
over 1 year ago