Rents for industrial real estate across Southern California are dropping significantly for the first time since the Great Recession. After years of overall rent gains, the market is seeing lower asking rents, expanding vacancy rates and rising concessions under soft demand conditions.
Southern California Industrial Rents Dip Significantly
Softer Demand and Rising Vacancy Lead Rents Lower and Concessions Higher
CoStar Analytics
May 10, 2024 | 5:54 P.M.
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