Industrial prices in Southern California are at an all-timehigh—again. Prices have been trending upward since 2011, withnumbers repeatedly breaking records. According to new research fromJLL, single-building industrial properties are nowtrading hands for an average of $235.34 per square foot. LosAngeles industrial product is trading at the highest price points,followed by Orange County. All four of the major SouthernCalifornia markets—Los Angeles, Orange County, San Diego and InlandEmpire—are trading above or on par with average national industrialpricing.

Although this has been a steady pricing increases for industrialproduct, there is no ceiling ahead. “There is no end in sight toL.A. industrial pricing,” Bo Mills, managingdirector at JLL Capital Markets, tells GlobeSt.com. “Land andconstruction pricing continue to climb at rates that have neverbeen seen. With multi-story industrial buildings underconstruction in the Northeast and Northwest areas of the UnitedStates it is just a matter of time before they come to L.A. Theinfill multi-story buildings will command rents and ultimatelysales pricing that is three times what current industrial buildingsare leasing and selling for.  The multi-story industrialbuilding comps will reset traditional thinking on industrialpricing.”