X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Chris Jackson Chris Jackson

Los Angeles has the lowest industrial vacancy rate in Southern California at 2.2%, according to the first quarter report from NAI Capital. We have heard about the record-low vacancy rate—and subsequently record-high rental rates—in Los Angeles for the last several quarters, but what does this low of a vacancy rate really mean? At 2.2%, the industrial market is nearly fully occupied and vacancy rates likely can’t get any lower in the market—because a 0% overall vacancy rate is unlikely. Los Angeles isn’t alone. Orange County is in second place with a 2.3% vacancy rate and Ventura’s vacancy rate fell 50 basis points to 2.6% To find out more about how this supply shortage is impacting leasing activity, we sat down with Chris Jackson, executive managing director at NAI Capital.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

More from this author

GlobeSt. NET LEASE 2020Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.