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An influx of military ships and personnel, as well as a host of new and old incentives for helping related businesses to thrive in the region, makes South County the place to be, SCEDC's Cindy Gompper-Graves tells GlobeSt.com.
Short-term seasonal warehouse space is hard to find in today's tight market, and landlords are not eager to lose a longer-term lease due to a short-term user, CBRE's Ben Seybold tells GlobeSt.com.
The latest PACE funding of an energy-efficient project at the new Verseon research and administrative facility will help fund energy-related improvements as part of an overall facility refurbishment.
Buyers and sellers are diverging in their pricing expectations, "which led to a Q3 marked by tepid deal volume and pricing,” says Peter Muoio at Ten-X.
“In aggregate, property pricing has been flat this year, but it really depends on the type of property,” says Green Street Advisors' Peter Rothemund. Mall values have dropped more than 10% year over year.
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.