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Mike Tingus Mike Tingus

In the first quarter of 2018, the industrial vacancy rate in Los Angeles managed to inch down another 10 basis points to 1.9%, and sub 1% in some popular industrial areas. Rents, of course, are continuing to surge, up 9.5% year over year to $11.59 per square foot. This isn’t shocking news, considering the industrial market has seen 10 straight quarters of falling vacancy rates and climbing rents—mostly driven by ecommerce activity. The market growth, however, does beg the question: with these high prices, where are manufacturing users going? Many of them have landed in Ventura County.

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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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