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“Investors are looking to engage in secondary and tertiary markets, where they see increasing opportunity," says Jeff Lee with Capital One Multifamily Finance.
With high demand for Los Angeles industrial space and growing need for warehouses, the industrial market is rapidly evolving. Here are the top trends that will emerge in the next two years.
Prop 64 will increase industrial property values for the short term in North Costa Mesa and parts of Santa Ana by up to 40%, and industrial property rents in these areas could double, Lee's Jack Haley and Greg Diab tell GlobeSt.com.