SoCal industrial market report (Q1 2021)7 May 2021
Southern California industrial inventory has been one of the brightest spots in commercial real estate during the pandemic.
As e-commerce continues to drive the recovery, SoCal's industrial sector has been a bright spot during the pandemic. While the Inland Empire is at the heart of warehousing and distribution requirements for the SoCal region and the nation, lastmile warehousing needs are driving construction and renovations in Los Angeles and San Diego. Warehousing, manufacturing, and logistics demands registered increased activity over the past year as e-commerce demands ballooned. Consumer expectations are driving demand for speed and diverse inventory from e-commerce, and those expectations are unlikely to diminish as delivery conveniences have now become commonplace. Additionally, foreign investment from Europe and Asia will continue to be drawn to the premium industrial assets in this region.