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Industrial land prices are soaring as users scramble to find quality infill locations amid supply constrictions. Specifically, new product with 30-plus foot clear heights is in highest demand, and the only way to get more is to build it. As a result, industrial developers are paying double what a retail developer will pay, and are competing with office and some multifamily deals. Barbara Emmons Perrier, vice-chairman of capital markets at CBRE and an industrial expert, says that aside from multifamily with density, industrial land prices are the highest in L.A.

Kelsi Maree Borland

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