Industrial Insights - July Newsletter
Opening Commentary
Industrial activity continues to outpace most other asset classes. The market experiences strong activity with a brisk pace of leasing and sales, though a limited pipeline presents challenges.
Market Performance
Positive net absorption across the country remains a key driver in year-over-year rent growth calculations. When comparing quarter-to-quarter performance against the prior year, rent increases range significantly higher than annual averages, between "7.6 - 24.1%."
Featured Activity
The Six Pack @ Rancho Cucamonga Distribution Center
A fully leased 166,155 square foot six-building portfolio listed for $35 million, yielding a 4.69% cap rate and $210 per square foot pricing in Inland Empire West. The listing generated substantial investor interest.
14570 Meyer Canyon Rd, Fontana
A 45,795 square foot freestanding building in escrow, expected to become available for lease in August.
15220 Canary Ave, La Mirada
A 90,320 square foot industrial property leased to an international logistics company for five years.
3501 Segerstrom, Santa Ana
Space totaling 61,000 square feet leased within a freestanding Airport submarket building.
23265 South Point Dr, Laguna Hills
Small office property sold to nonprofit organization, transitioning occupant from lease to ownership with SBA financing.
Market Reports & Resources
Comprehensive market reports available for Los Angeles County, Orange County, Inland Empire, San Diego, and United States markets.
Media
Book available on Audible; recent podcast topics cover supply chain redesign, roofing systems, facility design, and market trends.