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The demand for industrial space in Southern California is continuing to exceed the construction pipeline. In the Central L.A. markets, there is roughly 1 million square feet of industrial space under construction, and it will likely not be enough to deter occupancy and rental rate growth. Texas-based industrial developer Xebec is bullish that this trend has a long runway, and they are focused on growing a robust portfolio in the market to supply the demand. The firm has purchased 10 acres in the Mid-Counties submarket with plans to develop a 233,789-square-foot last-mile logistics facility.

“E-commerce continues to be a major factor driving industrial development to record highs as e-commerce sales have increased by 16% year-over-year and now account for 9% of all U.S. retail sales.” Jay Soni, EVP of acquisitions at Xebec, tells GlobeSt.com. “The success of the Los Angeles market is largely attributed to the dense population and amount of goods coming through the Los Angeles International Airport and the Los Angeles and Long Beach Port Complex, which is a key part of our development strategy. We are singularly focused on developing and redeveloping industrial facilities integral to the modern global logistics supply chain, and providing access to qualified investors seeking to capitalize on an investment opportunity in institutional-quality real estate.”

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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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