Search
 

L.A. Named Top Industrial Buy Market

LOS ANGELES—A new Ten-X report has named the infill L.A. market as the number-two buy market for industrial product in the nation, thanks to surging demand and climbing rents.

Chris Muoio Chris Muoio is the senior quantitative strategist at Ten-X.

LOS ANGELES—Los Angeles is a top-buy market for industrial real estate, according to a new industrial report from Ten-X, an online real estate transaction marketplace. The city was notably names as the number-two buy market in the country, with rents up 10.6% and vacancy rates down 90 basis points, a nearly impossible feat considering vacancy rates are already at historical lows in Los Angeles. Nashville snagged the number-one slot on the list, while Los Angeles was followed by Memphis, San Bernardino and Atlanta. To find out more about the ranking and why Los Angeles is such a great investment market for industrial, we sat down with Chris Muoio, senior quantitative strategist at Ten-X, for an exclusive interview.

GlobeSt.com: Why is L.A. a strong buy city? What are the underlying fundamentals here that are so strong?

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

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.

More from this author

Recommended Stories

GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.