While market activity has slowed overall in the past year, the Central Los Angeles industrial real estate area continues to demonstrate solid fundamentals.  Current indicators suggest that once the economy finds bottom, the long awaited rent growth phase will materialize.  Vacancy rates have hovered at or below 2% for 3 years and rents are stable to slightly increasing as both tenants and landlords seek immediate short-term safe solutions to mitigate cost.  Many landlords have been aggressively renewing receptive tenants avoiding vacancy, while tenants wait until the economy evidences a more positive trend to make significant long-term space commitments.