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Industrial leasing in Los Angeles finally picks up

Occupiers take new speculatively developed buildings
New leases contributing to 2025's first-quarter boom include one for this 694,400-square-foot building in the Grand Crossing development in City of Industry for a third-party logistics company. (CoStar)<br>
New leases contributing to 2025's first-quarter boom include one for this 694,400-square-foot building in the Grand Crossing development in City of Industry for a third-party logistics company. (CoStar)
CoStar Analytics
March 18, 2025 | 7:17 P.M.

Green shoots are emerging in Los Angeles’ beleaguered industrial market. Vacancies spiked from 2023-24 as L.A. suffered occupancy losses exceeding those of any other U.S. market. But tenant demand for space appears on the rebound heading into 2025.

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