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Industrial lease rates in Los Angeles will likely grow by more than 7% this year. According to the second quarter report from CBRE, industrial lease rates increased by 3.8% in the last quarter and will likely close the year up 7.3%. It’s now surprise that limited supply is behind the rapidly rising lease rates. The same report shows vacancy is now at 1.2% market wide and drops lower in some popular submarkets. Vacancy is down 20 basis points, which is nominal but expected considering the limited availability, with positive absorption of 707,569 square feet.

Kelsi Maree Borland

GlobeSt

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