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Despite the Lunar New Year, the Port of Long Beach saw a 14% increase in cargo volumes in March, leading to the best performing first quarter in the port's history.
With 1.9 million square feet in the industrial pipeline—most of which will come to market this year—the North County market may see a dip in industrial rents.
The East Sacramento market currently has an industrial occupancy of approximately 96%, which demonstrates the significant demand throughout the region.
“Despite corrections ending a long winning streak in the financial markets, the benefits of the new tax law should shore up commercial real estate, especially industrial and office demand,” says Jason Wolf, founder of Burlington County-based WCRE.