Shrinking Supply for LA Warehouse Space Sees Prices Rise

Posted on July 27, 2017 ยท Posted in Analysis

Our commercial real estate team did a full survey of the Los Angeles warehouse market and found that tightening supply has seen asking rents jump significantly and in some cases more than $0.30/SF. Tenants in the Los Angeles market should expect on average to pay around $1.00/SF with just a few areas still holding out to lower rents.

Industrial markets where asking rents increased

Alhambra +$0.35
Antelope Valley +$0.12
Baldwin Park +$0.21
Beach Cities +$0.09
Bellflower +$0.23
Burbank +$0.07
Canoga Park +$0.36
Carson-Central/North/South +$0.07
Cerritos $0.20
Chatsworth +$0.33
City of Industry +$0.19
Commerce +$0.22
Compton +$0.18
Downey +$0.06
El Monte +$0.20
El Segundo +$0.32
Gardena +$0.03
Hawthorne +$0.31
La Mirada +$0.20
Montebello +$0.02
North Hollywood +$0.07
Norwalk +$0.10
Oxnard +$0.10
Paramount +$0.05
Pomona +$0.13
Rancho Dominguez +$0.25
San Gabriel +$0.07
San Pedro +$0.04
Santa Clarita +$0.04
Santa Fe Springs +$0.41
Thousand Oaks +$0.31
Torrance +$0.12
Ventura +$0.22
Wilmington +$0.29
Woodland Hills +$0.24

Industrial markets where asking rents decreased

Irwindale -$0.01

Industrial markets where asking rents were unchanged

  • Azusa
  • Glendale
  • Inglewood
  • Long Beach
  • Pasadena
  • Vernon
  • Whittier

In addition to monitoring these cities, we also added the following cities that we cover on other sites targeting specific parts of the Los Angeles industrial real estate market:

  • Granada Hills
  • Northridge
  • Pacoima
  • Reseda
  • San Fernando
  • Sherman Oaks
  • Studio City
  • Sylmar
  • Tarzana
  • Universal City
  • Van Nuys

If you’d like to learn more about industrial leasing opportunities in any of these markets, contact us today to get a free report on available warehouses that meet your business needs.

Featured Image: Michael Chen