‘Tight’ Is the Theme of 2018 Industrial

Southern California’s industrial market was on fire in 2017, and the high demand meant tight supply in many submarkets. To find out more about how each Southern California submarkets stacked up this year, and what to expect in 2018, we sat down with DAUM’s Southern California office leaders. Here, they give us some insight into their market.

GlobeSt.com: How did the industrial sector perform in your market this year?

Chad Jacobson, San Fernando Valley Office: The Los Angeles North (San Fernando Valley, Santa Clarita Valley, and Antelope Valley) industrial market witnessed vacancy rates remaining below 2.0% and available rates at 3.3%, its lowest level since 2005. The market added 10 new buildings representing just over 1.0 million square feet, which is highest amount of new construction since 2007 which saw 1.27 million square feet. Overall demand remains very strong, and although overall activity is lower than previous years, it’s a direct result of the lack of available space