L.A. Industrial Rents Hit Record Highs

Industrial rents have hit a new record. According to research from NAI Capital, industrial rents in the popular L.A. submarket are up 16.4% year-over-year to $0.84 per square foot.

Rents are increasing rapidly. Quarter-over-quarter, rents have increased 7.7% quarter-over-quarter.

The rapid increase in rents have fueled development activity. The new construction pipeline is 1.5 million square feet, an increase of 43.9% over last year.

Read more here https://www.globest.com/2019/08/16/l-a-industrial-rents-hit-record-highs/?kw=L.A.%20Industrial%20Rents%20Hit%20Record%20Highs&utm_source=email&utm_medium=enl&utm_campaign=californiaalert&utm_content=20190816&utm_term=rem