Industrial Insights - June 2024
Market Update Presentation
The industrial market in Southern California is experiencing decline, though activity suggests potential bottoming of market velocity. The author indicates that while velocity has reached historic lows and is improving, pricing likely hasn't hit bottom yet. Timeline predictions vary significantly by property size: smaller 10,000 SF buildings may stabilize in 3-6 months, mid-sized 100,000-300,000 SF properties in 2 years, and larger 1,000,000 SF assets in 3-6 months.
Justin Smith recently presented the Inland Empire Industrial Market Update to the Appraisal Institute's Southern California Chapter, covering national trends from Prologis, port statistics, Amazon market intelligence, and real-time lease and sale data. The presentation slides include analysis from institutional investor perspectives on current market conditions.
Lee Summit 2024
The company held its annual gathering featuring networking and professional development. Craig Coppola, a top-producing broker from the Phoenix office, presented insights from his books The Fantastic Life Revisited and Rocks, Gravel, Sand, focusing on team culture, personal development, and identifying organizational blind spots.
Summer Interns
Two University of Southern California rising seniors joined the team:
- Ben Romeo returns for his second summer, previously attended Sage High School, and maintains Dean's list status - Will O'Neil is a collegiate baseball player from Newport Beach, previously interned with Matthews Real Estate
Call to Action
With market velocity increasing, the team encourages tenants and investors to engage as capital deployment accelerates. Contact Grant, Chris, or Justin to discuss partnership opportunities.