Industrial Activity Sets Record in South Bay

(Save the dates:  RealShare Apartments East  comes to the  Hyatt Regency in Miami, FL, on February 26, and RealShare Los Angeles  comes to the Hyatt Regency Century Plaza in Los Angeles, CA, on March 27.)

TORRANCE, CA-Availability of industrial building space in a representative submarket of L.A. Metro’s South Bay area continues to decrease after total square footage leased or sold topped 5 million square feet in 2012 for the first time since 2004, according to a year-end 2012 report issued by the Klabin Co./CORFAC International. The fourth quarter of last year was the sixth consecutive quarter of decreases in total space in the key Carson/Rancho Dominguez and 91 Freeway Corridor submarket, says David Grote, a partner in the local office of Klabin/CORFAC, who authored the firm’s study.