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2021 Q2 Greater Los Angeles Industrial Research Report

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Greater Los Angeles Industrial in a Class by Itself

The greater Los Angeles industrial market is the largest in the United States, totaling 1.67 billion SF. It has been characterized by some of the highest asking rents and lowest vacancy rates of any market in the nation. The Ports of Los Angeles and Long Beach are the primary industrial drivers and are responsible for roughly 40% of all inbound containers into the U.S. The Ports continue to work their way through the congestion of cargo ships that can be seen from much of the Southern California coastline. Container trade in 20-foot equivalent units (TEUs) is up 48% in Los Angeles and up 42% at Long Beach compared to the first five months of 2020. In May 2021, the Port of Los Angels surpassed one million TEUs in a single month, which set a new all-time record for a Western Hemisphere port.

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2021 Q2 Greater Los Angeles Industrial Research Report

Download Report