Industrial Sales Lead L.A. Investment Activity

Bernard Huberman is the founder and president of BLT Enterprises.

Industrial sales are leading Los Angeles investment activity for the year. Overall, investment activity has been strong this year, but industrial activity has reached record highs this year. Bernard Huberman of BLT Enterprises expects the industrial investment activity to remain strong through 2019 as vacancy rates are at record lows and the ports are recording record levels of cargo volumes. Additionally, ecommerce sales are anticipated to reach more than $700 billion by 2022, all of which are helping to fuel industrial investment in Los Angeles.

“Rapidly growing demand for Los Angeles industrial product is a result of changing consumer behavior,” Huberman, founder and president of BLT Enterprises, tells GlobeSt.com. “It is no longer an option for warehouses to be located far away from urban centers, resulting in delivery times than can span up to two weeks. Consumers today expect packages to arrive within one to two days, and in many cases, the same day. This has resulted in an influx of demand for smaller industrial properties in dense urban core markets across the U.S., including Los Angeles.”