Below is a chart showing the average sale price per square foot of industrial building area sold over the last 12 years in the Central Los Angeles industrial submarket. The $/SF dips on the left side due to the Great Recession and then continues its upward march to over $200/SF in 2019.
The data includes industrial zoned properties which include warehouses and manufacturing buildings with a small fraction converted to creative uses in the DTLA Arts District. The majority represent typical industrial uses around DTLA and Vernon and Commerce and Montebello. The data below are only an average as prices can vary greatly depending on building features and location.
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