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The Southern California industrial market is among the tightest in the country, and even the new supply under construction won't be enough to satisfy the demand.
Leaders of the Hollywood Park development in Los Angeles and Chase Center in San Francisco talk about adopting a mixed-use model to activate the projects.
Dermody's acquisition of Fremont Center is consistent with its strategy of acquiring value-add, functional, in-fill logistics and light manufacturing assets in tier 1 markets such as Fremont.
Driven by large renewals, sizeable new leases and substantial tenant move-ins, class-A office buildings continue to lure users looking to attract and retain employee talent, and as a result, drive up rents.