Skip to main content Skip to footer

2021 Q1 Central Los Angeles Industrial Research Report

Download Report
alt=""

Central Los Angeles Industrial Overview

The Central Los Angeles industrial market closed out the first quarter with 1.25 MSF of positive net absorption. The overall vacancy rate decreased to 2.1% from 2.6% at the end of 2020, and only 20 basis points above its mark from 1 year ago. Central Los Angeles’s lack of availability in high clear and dock high loading facilities will continue to put upward pressure on rents, as tenants struggle to expand in Central Los Angeles. Industrial demand is heavily concentrated in the Vernon and Commerce submarkets, with food production and apparel manufacturing remaining the top industries.

alt=""

2021 Q1 Central Los Angeles Industrial Research Report

Download Report
Related Experts

Alex Blecksmith

Associate Vice President

Los Angeles - Commerce

Alex Blecksmith joined Colliers International in 2005 and underwent an extensive year-long training program.

As a member of the Bucknell Football University team in college, Alex was selected to the Patriot League Academic Honor Roll. Through his participation in Division I-AA football, Alex honed his skills in accountability and tenacity, which he has parlayed into his professional work ethic.

AFFILIATIONS
The Jonathan Club
NAIOP (SoCal Chapter)
Colliers Broker Advisory Board
Santa Fe Springs Chamber of Commerce
Five Acres
Sigma Chi Fraternity

NOTABLE TRANSACTIONS
• 6317 Chalet Dr., Commerce; 24,864 SF
(Represented the Tenant)
• 6371 Randolph St, Commerce; 30,000 SF
(Represented the Buyer)
• 6289 Slauson Ave, Unit B, Commerce; 38,144 SF
(Represented the Landlord)
• 15977 Heron Ave., La Mirada; 30,000 SF of land
(Represented both the Landlord and Tenant)
• 1561 Chapin Rd., Unit B, Montebello; 32,186 SF
(Represented the Tenant)
• 13138 Arctic Circle, Santa Fe Springs; 8,480 SF
(Represented the Buyer)

PARTIAL CLIENT LIST
• Hunsaker Management
• DCT Industrial Trust
• Advantage Fitness Products
• New Century Logistics
• Lu’s Lighthouse
• Bambo
• McCulloch Power
View expert

Brian Chastain

Senior Vice President

Los Angeles - Orange County

As a senior vice president in Colliers International’s high-producing Irvine office, I specialize in the leasing and sales of industrial properties in the North Orange County and Corona submarkets. Though I often work with property owners and developers, I also regularly represent corporate tenants and buyers, providing a full spectrum of real estate services to my clients.

Having started in the industry in 2007 as an associate working the same industrial markets I work today, I have more than a decade of on-the-ground experience. Such hands-on experience has allowed me to develop in-depth and personalized market knowledge that allows me to have a finger on the pulse of market for the benefit of my clients.

An expert in the industry who commits to outworking the competition, I am an honest and focused advisor. As such, I will always and only act in the best interest of my clients, whether owner, developer, tenant or buyer. As an enthusiast of the outdoors, you might find me fly fishing, hiking and camping when I’m not out touring industrial sites.

View expert

Chuck Wilson

Senior Executive Vice President

Los Angeles - Orange County

As an executive vice president for Colliers International in the firm’s Irvine, California, office, I have provided commercial real estate services to a wide variety of clients for more than three decades. Specializing in the sale and leasing of industrial properties in the Los Angeles Mid-Counties and North Orange County markets, I offer my clients deep knowledge of historical and current market trends. I place great value in the versatility of service I am able to offer, routinely representing a mix of institutions, developers, users and investors with transaction needs that range from value-add investments and owner-user acquisitions to NNN lease transactions and institutional dispositions.

Prior to joining Colliers in 1992, I began my career in the industry as an associate with Grubb & Ellis. In the many years since then, I have distinguished myself as a top advisor in the region. My clients appreciate not only that I am approachable and relatable, but that I can be counted on. A diligent advisor who finds value in developing and maintaining strong relationships, I genuinely enjoy the work I do and the people I work with.

Residing in Yorba Linda with my wife, I have two grown children and enjoy the outdoors. After coaching and cheering on my kids’ athletic careers over the years, I now spend my free time fishing, swimming, surfing and snowboarding.

View expert

Chris DeVries

Senior Vice President

Los Angeles - Orange County

Chris DeVries specializes in industrial properties within the Inland Empire and Orange County regions of Southern California. He focuses mainly on strengthening existing client relations as well as generating new opportunities for the team to pursue through business development. Chris works closely with Building and Land Owners, Tenants, and Buyers to match appropriate projects with the ideal occupant or buyer.

Through his efforts in the field and on the phone, Chris keeps the team in touch with the current business climate and market trends. Since 2013, Chris has assisted the team and its partners transact on over 16 million square feet as well as 560 acres of industrial land.

View expert

Ian DeVries

Senior Executive Vice President

Los Angeles - Orange County

With 30 years of experience, Ian DeVries is well versed in all aspects of industrial real estate with particular expertise in Landlord and Tenant representation and Land Development.  Ian serves as advisor to the leaders of major corporations, institutions and developers, such as Hillwood, Industrial Property Trust, Duke Realty and Alere Property Group. Over his career, he has sold more than 3000 acres of industrial land for development. Since 2012, Ian has facilitated the sale and leasing of industrial space in excess of 13 million square feet and 440 acres of industrial land. Currently, DeVries lists more than 4 million square feet of industrial properties in the Inland Empire, making him consistently one of the most active brokers in the region.

View expert