Leases between 10,000 and 25,000 square feet accounted for more than half of the total transactions completed in the Los Angeles industrial market in the first half of 2016.
Leasing activity is highest in the LA Central market with 118 deals, demand is driven once again by spaces less than 50,000 square feet, followed by the South Bay market accounting for 22 percent of the total transactions in the LA Basin.
Due to the continued shortage of available space in the LA market (the lowest vacancy in the nation), leasing activity is 11 percent less when compared to the first half of 2015 transactions, down from 456 to 407.
For more information contact Teresa Petrosyan.
Visit the JLL Los Angeles Research webpage for additional market insight.