How to Get More Industrial Product to the L.A. Market

There is a severe dearth of industrial supply in Los Angeles, but there are ways of getting more supply to the market. Constructing multi-story industrial facilities are one way to bring more supply to the market. These projects are already going up in other dense markets as well as overseas, and could be a perfect solution to Los Angeles’ need for more industrial product. However, the solution is bigger than simply building more space.

“Multi-story warehouses are coming,” John McMillan, vice chairman at Newmark Knight Frank, tells GlobeSt.com. They must, because we don’t have any dirt available and large redevelopment sites are extremely rare.  Multistory industrial properties are common in Asia due to a lack of land.