Industrial Market Recap 1st Quarter

LA Northwest Market Update

Los Angeles Northwest region maintains continued low vacancy rates with only .1% increase in available space for warehouse and distribution totaling 1.1%. Direct Weighted Average Asking Rates (NNN) increased by $.01 to $.75 for warehouse and distribution but remained the same for flex property at $1.09. Unemployment also dropped for California.

In my opinion lease prices will continue at current market however sales prices will increase as users contemplate equity involvement in properties.

To see full report from Xcelligent click HERE.

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Author: RyanMcKenzieRealEstate

Hello, I'm Ryan McKenzie. As an agent of Delphi Business Properties, Inc. I work with Los Angeles commercial real estate owners and tenants. I'd love to help you in your commercial real estate goals. Feel free to contact me at 818-933-7113 or Ryan@go2delphi.com.

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