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California  + Los Angeles  + Industrial  | 

Logistics Space Remains Scarce But Projects Spring Up in LA

New construction continues to remain scarce and highly sought after in Los Angeles but one project looks to add some 145,900 square feet to the equation. CT Realty and Clarion Partners LLC have broken ground on South Bay Logistics Center in Carson, with completion slated for fall 2021.

“The combination of the project’s proximity to the Ports of LA/Long Beach and the ability to service nearly 15 million people within a 50-mile radius will draw significant interest from logistics and e-commerce companies,” said Chris Coetzee, senior vice president of CT Realty.

The single-tenant freestanding building located at 333 W. Gardena Blvd. encompasses 145,840 square feet.

Newmark’s Danny Williams, Barry Hill and John McMillan are the listing agents for the project.

According to Newmark research, Los Angeles’ industrial vacancy rate has remained below 3 percent, the tightest in the nation, for 35 consecutive quarters. Activity roared back to life in the second half of the 2020, with 4.3 million square feet in net absorption gains. E-commerce and 3PLs will be at the forefront of tenant demand in 2021. The limited new construction will push Greater LA market rents to new highs.

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About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Development
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