Industrial Insights - July - LA/OC
Market Overview
The sender notes a 20% increase in sublease inventory over the past 90 days, characterizing this as a natural market response during periods of significant change.
Sublease Availability by Region
South Bay
- 1371 Charles Willard St, Carson: 76,866-180,549 SF at approximately $1.00/SF gross; lease through December 2022 - 3040 E Ana St, Compton: 115,814 SF asking $0.70/SF gross; available through May 2023
LA Central
- 6100 S Malt Ave, Commerce: 115,581 SF at $0.90/SF gross; through March 2024 - 7255 Rosemead Blvd, Pico Rivera: 202,629 SF at $0.85/SF gross; through May 2023
Mid Counties
- 12836 Alondra Blvd, Cerritos: 109,363 SF at approximately $1.00/SF gross; through January 2021 - 13140 Alondra Blvd, Cerritos: 87,635 SF at $0.75/SF gross; through September 2023 - 14380 Industry Cir, La Mirada: 109,273 SF at $0.85/SF gross; through August 2023
North Orange County
- 566 Vanguard Way, Brea: 101,280 SF at $0.78/SF gross; through November 2021
West Orange County
- 5900 Skylab Rd, Huntington Beach: 45,572-83,391 SF at $0.70/SF triple net; through October 2022 - 6300 Katella Ave, Cypress: 75,000 SF at $0.87/SF triple net; through October 2023
South Orange County
- 25892 Towne Centre, Foothill Ranch: 130,209 SF at $0.89/SF triple net; through June 2022
Airport Orange County
- 3731 W Warner Ave, Santa Ana: 129,600 SF at $0.59/SF triple net; through November 2020 - 17595 Mount Herrmann St, Fountain Valley: 96,820-120,500 SF at $0.89/SF triple net; through November 2026
CubeWork Concept
A new flexible storage model combines shared warehouse space using pallet racking partitions. This approach offers short-term leases at approximately $1.20/SF gross with shared dock access and common drive aisles.
New Listing
15220 Canary Ave, La Mirada: 93,280 SF property with lease through December 2020, available for sale at $169/SF or lease at $0.89/SF gross.