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L.A. Top Industrial Buy Market

Ten-X lists Los Angeles as the top buy market in the country, thanks to a 12.7% increase in rental rates last year and a 2.4% vacancy rate.

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

Los Angeles is the top buy-market in the US for industrial investment, according to Ten-X Commercial. While Los Angeles nabbed the top spot on the list, the other four top-buy cities were all located in California: San Jose, Oakland, San Francisco, San Diego. Los Angeles had a 12.7% increase in industrial rental rates last year and the report predicts rates will rise another 6% this year—all thanks to a low 2.4% overall vacancy rate, which falls to sub 1% in some L.A. submarkets. All of this is fueling investment activity and interest in the market, and makes it a top spot for investors. We sat down for an interview with Chris Muoio, senior quantitative strategist at Ten-X, to talk about the rating and find out more about the industrial market in L.A.

GlobeSt.com: Why has L.A. continued to be a top market for industrial development?

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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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