From Xceligent report: See full article HERE
With a slight uptick in vacancy totaling 1.5% for warehouse distribution, landlords continue to reap the benefit. However, while sale prices are still high, Sales Volume has had a significant decrease over last year’s 3Q. Are prices going to drop? Demand continues to remain high, however pricing may have outpaced consumers.
See Xceligent report HERE
Industrial market recap 3rd quarter 2016.
“The market is tight,” a standard saying being used around the Los Angeles marketplace for industrial property. Lease rates are increasing. Sales prices increasing. Rates increasing. Will we see a slowing of commercial property demand compression? I don’t believe so… yet.
LA Northwest (SFV) Quick Facts
- # of Bldgs – 3,886
- Inventory (sf) – 122,565,449
- Total Available (sf) – 4,055,666
- Total Vacant (sf) – 1,391,225
- Total Vacancy Rate (%) – 1.1%
- Total Quarterly Net Absorption (sf) – 600,620
- YTD Total Net Absorption – 829,143
We continue to see heavy competition around industrial buildings for sale and lease.
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PS. If you’d like a free survey of available properties OR If you have questions regarding your industrial property for Sale or Lease please feel free to call 818-933-7113 to speak with Ryan.
*Data taken from Xceligent, Inc. 2016 Q3 Market Trends for full report click here. Although data is deemed reliable, Ryan McKenzie makes no warranties as to the accuracy of the information.