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Industrial Gross Activity Falls in 3Q

LOS ANGELES—While industrial activity declined in the third quarter and gains are beginning to slow, year-over-year performance remains strong and experts expect 2017 to remain active.

Jamil Harkness Jamil Harkness is a senior industrial analyst at CBRE.

LOS ANGELES—Industrial gross activity fell in the third quarter 2016, but the quarter still showed a strong year-over-year performance, according to third-quarter analysis from CBRE. The decreases in gains was likely a function of lack of available supply rather than diminished tenant demand, says Jamil Harkness, senior industrial analyst at CBRE, who added that the submarket activity fluctuates quarter-to-quarter as a result of the available supply. Increased transit-oriented development as well as ecommerce also helped to fuel market demand in the quarter and will likely keep the industrial market healthy and active through 2017. For more on this, we sat down with Harkness for an in-depth look at the Los Angeles industrial market.

GlobeSt.com: What is your impression of the industrial performance in the third quarter?

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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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