Q2 Preliminary Results are Negative Net Absorption Across Southern California Industrial
Deals are happening. Companies are making moves. Expansion, contraction, consolidation, etc. It's just that more buildings are coming back to the market then are leasing, and in a major way this quarter. We had such a positive Q1 that there was a glimmer of hope that we would sail through the economic uncertainty unscathed. Often times policy changes leads to uncertainty, which leads to a delay in decision making. This time around it also lead to additional new decisions to close facilities.
This 12 page presentation is available for your download here in PDF format . We're happy to breakdown what this means for your company, your property, your supply chain, and for your finance and operations, so you have what you need to navigate the marketplace.
Owner User Report
Our Owner User report helps companies figure out what it takes to go from leasing to owning their industrial real estate. This last 12 months has been the year that tenants could afford to buy again and that has had less competition to do so. Please see the attached Owner User Report to see if that is possible for you this year. If you need help sizing up loan payments and shopping around for financing we're happy to connect you with our favorite loan broker that helps us across the country.
Hundreds Report
Our Hundreds Report focuses on For Lease industrial property 100,000-200,000 SF in Los Angeles, Orange County and Inland Empire as this is the bellweather of the industrial markets and where the largest segment of tenants go to for their warehousing needs. Please see the attached Hundreds Report and be on the lookout for the next edition coming out next week. If you need help sizing up your needs we can help you connect with material handling and warehouse automation folks across the country.
Podcast
Lastly, what better way to analyze the industrial markets than to interview the team of analysts responsible for keeping track of all of the data. I bring to you Jesse Gundersheim of CoStar who overseas the entire Southern California industrial sector for this weeks episode of the Industrial Insights podcast. Jesse and his team of analyst's watch the market like a hawk tracking leasing volume, availability rates, vacancy by size range by submarket, correlations between logistics absorption and population grown, median months on market, asking rates, retail sales, sales pricing, net absorption and that's just the tip of the iceberg.
We go into the demand and supply fundamentals in this weeks podcast chalk full of insights to help you make better decisions.
YouTube Interview Apple Podcast Episode
Reach Out
Our team is dedicated to understanding your vision and crafting strategies and tactics to navigate todays market to get you results. Let me know what you need help with and we'll make sure to bring every resource available to bear to help you with get from vision to results.
Best Regards,
Justin
Justin Smith, SIOR MBA, MRED, MCR, MSCM Candidate Senior Vice President | Principal Lee & Associates | Irvine
D 949.790.3151 C 949.400.4786 O 949.727.1200 jbsmith@lee-associates.com (mailto:jbsmith@lee-associates.com) ____________________________________
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