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Kurt Strasmann Kurt Strasmann is a executive managing director at CBRE.

The industrial product in Los Angeles is aging. According to new research from CBRE, the average age of industrial buildings in infill Los Angeles is 39 years, and these buildings are not equipped to handle the needs of ecommerce tenants today. Redevelopment is a solution to the problem, but its takes time and, with the tight industrial supply, there are limited redevelopment opportunities. To find out more, we sat down with Kurt Strasmann, executive managing director at CBRE. Here, we talk about the aging industrial stock, why it has been challenging to redevelop and what features ecommerce users are looking for.

GlobeSt.com: Why has it been challenging to build or redevelop warehouse product in Los Angeles? 

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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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