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California  + Los Angeles  + Industrial  | 

SoCal Ranks High Among World’s Most Expensive Logistics Markets

U.S. industrial hubs posted the strongest growth in prime logistics rents for the past year, including the Greater Los Angeles area. Asian markets remained the world’s most expensive, as demand for top-quality warehouses and distribution centers continued to outpace supply globally, according to a new report from CBRE.

CBRE’s Global Industrial & Logistics Prime Rents report found that prime rents in 70 major markets across the world increased by 2.2% on average in Q1 2017, compared to the same period a year ago.

Prime industrial and logistics rents in SoCal climbed 9.2% year-over-year, placing the region No. 6 globally. The largest percentage change was 16.9% in Seattle.

CBRE’s Kurt Strasmann says, “Industrial rents in the Greater Los Angeles region continue to build upon a steady foundation. We are seeing a tremendous amount of Class A and B products leasing quickly at record high rents due to the lack of supply and a continuous increase in demand for these types of facilities.”

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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