Industrial Insights - February Newsletter
Opening Message
The team welcomes Jeannette Plumeda to their roster. Market conditions remain tight, with e-commerce demand driving increased space requirements across company sizes. "the market continues to be increasingly tight" as landlords maintain elevated asking rates, though negotiation opportunities remain available.
Featured Activity
17466 Daimler, Irvine - A 40,645 square foot industrial building marketed through BLT Enterprises. The property features substantial exterior upgrades including new entrance and facade design, alongside interior office renovations. Delivery expected in Q2.
201 Carob St, Compton - This 50,333 square foot facility underwent conversion to the Prologis Clear Lease structure, combined with LED lighting upgrades and office renovations. The team navigated lease economics and past reconciliation statements to identify cost savings.
1173 N Grove St, Anaheim - Astro Paper secured a long-term lease for this 17,400 square foot space, transitioning from a shared larger facility to a dedicated location closer to employee residences.
Market Resources
Market reports available for Los Angeles County, Orange County, the Inland Empire, San Diego, and the United States industrial sector.
Media Updates
An upcoming book launches April 27th in hardback and paperback formats. An active podcast series features interviews with industry practitioners including investors, asset managers, and lenders.
Contact Information
Justin Smith (SIOR), Grant LaBounty, and Jeannette Plumeda are available for consultation via Calendly scheduling.