- With sub-1.0 percent vacancy across the South Bay market, meaningful rent appreciation is expected over the next 12-24 months barring any major economic downturn.
- The market has experienced a 41 percent weighted Y1 rent growth since 2010.
- High-water mark rent for 2016 will likely be in excess of $0.75 per square foot, NNN and rents should increase by five to eight percent on average.
For more information contact Teresa Petrosyan
Visit the JLL Los Angeles Research webpage for additional market insight.