The average overall market rent for the region stood at $6.50-a-square-foot, a 1% increase versus last quarter, and a 6.2% increase versus the same period last year.

LoBello was previously director of property management with The Hampshire Companies where she was most recently responsible for more than 10 million square feet of commercial real estate across the office, industrial and retail sectors.

California leads the country in cold storage supply with 16.5 million square feet, but it isn't enough to fulfill demand.

Half of real estate professionals are now using mobile devices to manage and track deals.