Surveys and studies are showing chances of a strong CRE rebound over the next 12 months, with logistics properties being one of the stronger growth areas.
That may be a good news/bad news scenario for the industry in Southern California because of the new Warehouse Indirect Source Rule adopted by the South Coast Air Quality Management District, which serves large portions of Los Angeles, Orange, San Bernardino, and Riverside counties.
Warehouses of more than 100,000 square feet must "directly reduce nitrogen oxide (NOx) and diesel particulate matter (PM) emissions, or to otherwise facilitate emission and exposure reductions of these pollutants in nearby communities."
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