– Miguel Torres
– Stephen Jordan/Principle
OFFICE & INDUSTRIAL
Higher employment figures and low interest rates has provided momentum for consumer spending. The ports of Los Angeles and Long Beach are among the busiest in the nation driving the need for industrial real estate. Expanding local economy unrelated to port activity is also pushing deal flow forward. Supply increases remain well behind demand for space, encouraging owner-users to bid aggressively. Los Angeles industrial properties boast one of the lowest vacancy rates in the nation, resulting in moderate to strong rent growth. Motivated by historically low interest rates and flourishing operations, investors are bidding aggressively for well-located properties.
“I had my industrial building on the market with another broker who could not provide results. Henry contacted me and within 30 days we were in escrow. His expertise in the marketplace and handling of my deal was professional, smooth & efficient.”
– Joe Wallace