- Available Space on the Rise
Through the first two quarters of 2023, 11.3 msf has been added to the Los Angeles industrial market available for lease, an increase of 61% since the end of 2022.
- Have Rents Peaked?
The overall asking rate in LA had been on a steady growth trend for 18 consecutive quarters, averaging 4.4%.
- Construction Activity Remains Hot
The level of inventory currently under construction is the highest in the last 10 years.
- Who is Leasing New Space?
The transportation, warehousing and utilities industry as well as retail trade have gained significant leased market share since the COVID-19 pandemic.
- Port Activity Declining
Port activity in LA has seen a decline in the first half of 2023 compared to the previous year.
![ACL_LA-Industrial_August-2023_ResearchHero](https://cw-gbl-gws-prod.azureedge.net/-/media/cw/americas/united-states/insights/articles/los-angeles-orange-county/2023/acl_la-industrial_august-2023_researchhero.jpg?rev=021e929c75804363b7dcc7c43d95b8a1)
![ACL_LA-Industrial_August-2023_MobileHero](https://cw-gbl-gws-prod.azureedge.net/-/media/cw/americas/united-states/insights/articles/los-angeles-orange-county/2023/acl_la-industrial_august-2023_mobilehero.jpg?rev=ac4414879df64447aa575c16571c4b55)
A Closer Look at the Los Angeles Industrial Market
Jolanta Campion • 8/25/2023
The available space on the market in Los Angeles (LA) hit a low point in Q1 2022 at 11.5 million square feet (msf) but has been rapidly rising since then. By mid-2023, it had reached 30.0 msf.
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