February 12, 2020
The tabulations are in, the research complete and according to CBRE’s research team, Los Angeles County boasted the highest commercial real estate sales volumes in 2019 of any U.S. county, totaling more than $28 billion.
The report highlight’s investors taste for L.A.’s large supply of institutional assets and stable pricing. For 2019, total sales activity established Los Angeles as the most active market for commercial real estate nationwide, according to data from Real Capital Analytics, surpassing Manhattan.
Transaction volume was driven by record-setting years for multifamily and industrial trades in the region (totaling $9.5 billion and $7.7 billion, respectively). CBRE’s most recent U.S Cap Rate Survey shows such rates for stabilized assets remain between 4.0 and 4.5% for Class A multifamily and industrial.
In a change unique to the year, foreign investors became net sellers, with institutional capital becoming the driving buyer in 2019.
Connect Los Angeles 2020 is coming up on March 26. It will bring together leading local, regional, and national developers, investors, owners, brokers, financiers and other major players for an afternoon of informative panel discussions, plus networking and cocktails. For more information, or to register, click here.
For comments, questions or concerns, please contact Chris Egger