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Sacramento Valley Railroad Sacramento continues to drive the majority of agricultural trade, some via rail (credit: McClellan Park).

OAKLAND, CA—Rising e-commerce activity has created new demand for just-in-time facilities near urban core markets, the Port of Oakland and Oakland airport, along with Central Valley fulfillment centers. The Central Valley/Sacramento area continues to drive the majority of agricultural trade (fruits, nuts and rice, for instance) for California and the nation, as well as a portion globally. However, these facilities were previously located near the ports and airport (Oakland/East Bay) and are now moving farther out due to rising costs of housing for the blue collar workforce.

In the third quarter of 2018, the US industrial market benefited from record-high port volumes, positive absorption and a vacancy rate that remained below 5% despite the addition of new inventory. The continued enthusiasm for industrial product is examined in Transwestern’s third-quarter industrial outlook, which revealed rent growth across nearly every market tracked.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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