Central Los Angeles Industrial Market Q4-2007

q3.jpgThe Central Los Angeles industrial market encompasses approximately 300,000,000 square feet of building area. This market includes the well-known submarkets Vernon/Commerce and Downtown Los Angeles. The Central Market completed the second quarter with an overall (direct and sublease) vacancy rate of 1.32%, which is down from 1.56% a year ago. Factors that attributed to this market’s low vacancy rate included strong buyer and tenant demand and expanding local economy. Planned and Build-to-Suit projects that came online during the quarter represented 473,624 square feet, an increase of 265,000 square feet from the previous quarter. Leasing activity continued its upward trend, comprising 67% of the total market activity.

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