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California  + Industrial  | 

LA County Industrial Tops U.S. Rent Growth Forecast

CBRE Econometric Advisors is forecasting that industrial rents in Los Angeles County will increase 41% through 2025, which works out to about 7% annually. The projected rent advance for the region leads the other major U.S. industrial markets and is more than double the projected national growth rate.

CBRE SoCal researcher Eric Willett notes, Los Angeles County’s projected increase reflects the desirability of the market for industrial users given the experienced labor pool, large and proximate population, and sophisticated logistics infrastructure, which includes the nation’s largest port complex.

Other SoCal industrial markets are also expected to see impressive rent growth through 2025. Orange County is forecast to have the fourth-greatest appreciation among U.S. industrial markets, with rents climbing 33% over the next five years driven by the market’s infill supply and last-mile positioning. CBRE projects Ventura County is likely to see a 22% rise.

The industrial sector’s strong performance in SoCal and nationwide reflects sustained levels of demand, even amidst the pandemic, which has amplified space needs from e-commerce and 3PL occupiers alike, writes Willett.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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