Industrial Insights - August 2024 - Sunday Edition
Market Analysis
The newsletter examines three Southern California industrial markets using CoStar absorption, net delivery, and vacancy data. Los Angeles shows improvement despite rental rate concerns, the Inland Empire is recovering faster than expected, and Orange County faces potential for further correction. Readers are invited to contact the team for market-specific insights on their properties.
Tenant Resources
A comprehensive guide for tenants has been developed based on the 2021 "Industrial Intelligence: The Executive's Guide for Making Informed Commercial Real Estate Decision." This resource helps tenants "be more knowledgeable in the marketplace."
Landlord Resources
A corresponding 47-slide presentation, "Industrial Income: The Investor's Guide for Maximizing the Value of Commercial Real Estate leases," provides landlords with "strategies and tactics to make the most of your industrial property."
Investment Opportunities
1031 exchanges are gaining momentum. Current activity includes tenant buyouts, troubled lease renegotiations, and property repositioning. A recent survey identified 80 single-tenant net lease properties ($2-4M range) in Southern California with only 17 completed sales. The team has completed deals across 15 states and assists Southern California investors with exchanges nationwide.
Podcast Updates
Two episodes feature industry insights: an interview with Eric Ruehle of West Harbor Capital discussing Southern California's competitive market dynamics, and a team podcast where associate Chris addresses tenant concerns about warehouse attachments, declining rents, relocation decisions, and lease term structures.
