April 7, 2016
Los Angeles’ industrial markets are tightening to a point where it is clear that more development is in store for 2016. Researchers at JLL say all signs point to a push for more development across all size segments.
That’s because there’s no signs of an economic slowdown. The markets are experiencing strong leasing activity, along with limited supply, and at least 13 million square feet of lease rollovers.
The growing presence of e-commerce users, who look for shorter delivery times to the end consumer, adds to the already strong demand for available facilities in the LA basin.
For facilities in excess of 50,000 square feet, JLL says there is approximately 7 million square feet of proposed development, with only 2.5 million square feet currently under construction and slated to be delivered by the end of this year.