Horizon Remains Bright for Los Angeles Industrial Sector

Los Angeles’ industrial vacancy rate continues to decline and is presently at its lowest point in at least two decades. Recent upticks in leasing activity and limited space availabilities have driven recent rent growth. Asking rent gains have accelerated throughout the year and rents in the third quarter were up 8% from the same time a year ago. Landlords clearly have the power when it comes to setting rents.