Los Angeles has shown, by far, the highest dollar volumes of industrial transactions early this year, according to data from Yardi Matrix. As of February 29, the metro area had $435 million in sales.

“Nearly half of that volume is due to CenterPoint spending $196.5 million acquiring four properties in the South Los Angeles submarket,” the report said. “The submarket is supply constrained and offers access to the ports as well as transportation networks. Investor appetite remains strong for Los Angeles properties, but price gains have plateaued following a period of rapid gain.”

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Erik Sherman

GlobeSt

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