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Industrial Prices Up Nearly 70% in 5 Years

The average price for an industrial building in Los Angeles County is $157.43 per square foot, an increase of 69.2% since 2013 and 17.34% year over year.

Joe Dimola Joe Dimola is a VP at JLL.

Industrial prices have reached record heights. According to new research from JLL, the average industrial price in Los Angeles County is $157.43 per square foot, an increase of 69/2% since 2013 and an increase of 17.34% year-over-over. More commonly, however, properties are trading upwards of $300 per square foot in the Los Angeles proper market. The pricing has yet to deter buyers, however, especially institutional players who are willing to pay top-dollar for quality assets in Los Angeles. We sat down with Joe Dimola, VP at JLL, to talk about the price increases and how it is impacting the investment market.

GlobeSt.com: What is driving industrial rats to historical highs?

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Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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