Los Angeles Industrial Market: Vacancies Rising | Palos Verdes Estates Real Estate

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Los Angeles Industrial Market

Industrial Markets

Frank Ponce October 3, 2024

Industrial vacancies in Los Angeles have risen to 5.7% as of Q4 2024, with over 14 million SF of new space available. Net absorption remains negative, and logistics tenants are downsizing. Vacancy rates are highest in Vernon, Commerce, and the City of Industry. However, new leasing volume is improving, and both retailer inventories and imports are on the rise again. With inflation subsiding and limited net supply growth, market conditions are set to improve by 2025. Now is a crucial time to secure space, as asking rents have declined by 17%, and landlords are offering generous concessions like free rent. Don't miss out—contact us to lock in prime industrial space at unbeatable rates. Talk to us about our industrial properties.

Frank (310) 503-4158, and Viktorie (424) 301-0075.

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