{"id":1004114901,"date":"2015-03-12T07:31:04","date_gmt":"2015-03-12T15:31:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004114901"},"modified":"2022-03-04T07:44:56","modified_gmt":"2022-03-04T15:44:56","slug":"market-snapshot-las-on-a-roll","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/market-snapshot-las-on-a-roll\/","title":{"rendered":"Market Snapshot: LA&#8217;s on a Roll"},"content":{"rendered":"<p style=\"text-align: justify\"><i>By Alex Girda, Associate Editor<\/i><i> <\/i><\/p>\n<div id=\"attachment_100411\" style=\"width: 250px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/Asking-Rent-Trends-LA-Industrial-Market.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-100411\" data-attachment-id=\"1004114903\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/market-snapshot-las-on-a-roll\/asking-rent-trends-la-industrial-market\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/Asking-Rent-Trends-LA-Industrial-Market.jpg\" data-orig-size=\"320,292\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Asking Rent Trends, LA Industrial Market\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/Asking-Rent-Trends-LA-Industrial-Market.jpg?w=320\" class=\" wp-image-1004114903 \" title=\"Los Angeles Industrial Market - Asking Rent Trends Q4 2014\" alt=\"Los Angeles Industrial Market - Asking Rent Trends Q4 2014\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/Asking-Rent-Trends-LA-Industrial-Market.jpg\" width=\"240\" height=\"218\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/Asking-Rent-Trends-LA-Industrial-Market.jpg 320w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/Asking-Rent-Trends-LA-Industrial-Market.jpg?resize=300,274 300w\" sizes=\"auto, (max-width: 240px) 100vw, 240px\" \/><\/a><p id=\"caption-attachment-100411\" class=\"wp-caption-text\">Los Angeles Industrial Market &#8211; Asking Rent Trends Q4 2014<\/p><\/div>\n<p style=\"text-align: justify\">With roughly 40 percent of the country\u2019s container traffic coming in through the ports of Los Angeles and Long Beach, the pressure is on for the city\u2019s industrial market. 2015 is shaping up as a profitable year for the industrial sector, as investors are expected to take advantage of the widening of the Panama Canal. With a much-needed rail yard project stalled by litigation, and shipping now able to easily bypass West Coast ports, the future of L.A.\u2019s industrial market might hang in the balance. However, recent market data collected by Marcus &amp; Millichap shows that strong employment and high demand are driving the industrial market forward.<\/p>\n<p style=\"text-align: justify\">2014 saw around 2.3 million square feet of industrial space being added to the city\u2019s stock. This is a significant decrease from 2013, when three million square feet of space was completed. Net absorption has been outpacing completions over the past few years, while vacancy has been consistently dropping. These are signs that the city\u2019s industrial market still carried demand, according to Marcus &amp; Millichap. 2014 ended up dropping around 50 basis points compared to year-end 2013 in terms of the average vacancy rate for industrial assets. The 4.4 percent vacancy rate is the lowest rate recorded since the economic downturn.<\/p>\n<p style=\"text-align: justify\">Rents in the industrial sector are expected to climb, Marcus &amp; Millichap data shows. Asking rents grew by approximately 8.1 percent in 2014, to a per square foot rate of $7.71. Growing rents in the industrial sector are a national trend, a consequence of tightening conditions and good demand.<\/p>\n<p style=\"text-align: justify\"><em>Chart courtesy of <a title=\"Marcus &amp; Millichap\" href=\"https:\/\/www.marcusmillichap.com\/research\" rel=\"nofollow noopener\" target=\"_blank\">Marcus &amp; Millichap<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Industrial investors are headed for Los Angeles.<\/p>\n","protected":false},"author":41,"featured_media":1004114903,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37301],"tags":[],"class_list":["post-1004114901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Market Snapshot: LA&#039;s on a Roll - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/market-snapshot-las-on-a-roll\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Snapshot: LA&#039;s on a Roll\" \/>\n<meta property=\"og:description\" content=\"Industrial investors are headed for Los Angeles.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/market-snapshot-las-on-a-roll\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-03-12T15:31:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-04T15:44:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/Asking-Rent-Trends-LA-Industrial-Market.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"320\" \/>\n\t<meta property=\"og:image:height\" content=\"292\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alex Girda\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/market-snapshot-las-on-a-roll\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/market-snapshot-las-on-a-roll\\\/\"},\"author\":{\"name\":\"Alex Girda\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/540f0253de89dedaae7684239611b81c\"},\"headline\":\"Market Snapshot: LA&#8217;s on a Roll\",\"datePublished\":\"2015-03-12T15:31:04+00:00\",\"dateModified\":\"2022-03-04T15:44:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/market-snapshot-las-on-a-roll\\\/\"},\"wordCount\":285,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/market-snapshot-las-on-a-roll\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/03\\\/Asking-Rent-Trends-LA-Industrial-Market.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/market-snapshot-las-on-a-roll\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/market-snapshot-las-on-a-roll\\\/\",\"name\":\"Market Snapshot: LA's on a Roll - 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