DTLA Industrial and Warehouse Rental Market
The industrial and warehouse space rental market in Downtown Los Angeles is one of the largest in LA County. According to Voit Real Estate services, there’s approximately 129.9 million square feet total inventory with 7,334,752 square feet available for rent. Availability in this area is very slim, as it’s one of the most popular markets to rent industrial space. The vacancy rate is reported to be 3.03%, which means for every 100 buildings there’s 3 available for lease. Because of the high demand for industrial space and low inventory, rental rates have increased all over LA County. Industrial and warehouse space for rent in Downtown Los Angeles is on average $0.97 per square feet.