• The Greater Los Angeles (GLA) region attracted interest from a plethora of e-commerce activity due to strong local demographics.
  • The average asking lease rate in GLA increased to new heights. Occupancy losses had no impact on rental growth due to a perpetual state of limited quality available supply.
  • The tight industrial market prompted tenants to renew, particularly tenants occupying larger blocks of space over 50,000 sq. ft. accounting for nearly 30.0% of all leases.