Update on Los Angeles Industrial Market

Los Angeles holds an expansive industrial market within the two billion square feet Southern California industrial market. The metro boasts one of the lowest vacancies nationally, and rental rates are pushing to new highs with the demand for industrial products surging since the start of the pandemic. Nearly $3 billion in sales have taken place since Los Angeles since 2022, according to CoStar data. The growth in streaming entertainment has resulted in an influx of spending on industrial acquisitions with plans to convert into soundstages or studios. A New York developer purchased 15 acres in downtown Los Angeles as part of its plan to build more than two million square feet of studio projects across the metro.