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2021 Q3 Greater Los Angeles Industrial Research Report

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INDheroGLA_Q321

Greater Los Angeles Vacancy Plummets to 0.8%

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 30% in Los Angeles and up 29% in Long Beach compared to the first eight months of 2020.

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2021 Q3 Greater Los Angeles Industrial Research Report

Download Report