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Industrial activity in the Western US hit new records in 2019. Can we expect more of the same from the market next year? It’s becoming a top-of-mind question for many industrial investors in the wake of increasing trade tensions. However, Jon Pharris of CapRock Partners, which focuses on industrial ground-up development and value-add investment in the Western US, is enthusiastic about the market performance in 2020.

“Our team is optimistic about this region given the current strong market fundamentals, which include historically low vacancy rates, high employment rates and strong population growth,” Pharris, co-founder and president at CapRock Partners, tells GlobeSt.com. “The explosive growth of ecommerce and the robust activity at the ports of Los Angeles and Long Beach support the increasing demand for both large-scale logistics buildings and last-mile fulfillment centers.”

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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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