Los Angeles County Industrial and Warehouse Rental Market
The industrial space rental market in Los Angeles County is 992,938,055 square feet and is on average $0.82 psf to lease. LA County is considered to be one of the largest industrial markets in the nation. Due to the high tenant demand, warehouse property is very limited and asking rental rates are at an all-time high. The warehouse vacancy rate in Los Angeles county is reported to be 1.1% – this means for every 100 buildings, 1 space is available for lease. Popular areas of to rent space in Los Angeles are cities located in the San Fernando Valley, San Gabriel Valley, and South Bay. Some of these cities include Paramount, El Segundo, Hawthorne, Whittier, Downey, Montebello, and Downtown LA.