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NEWS
..........
Industrial Real Estate
Market Update
Los Angeles County
1st Quarter 2009
(Click for .pdf version)
Friday, March 27, 2009
The current industrial real estate market in the Los Angeles County is currently
on a downward trend. Though prices are still some what high, we have see lease
rates and sale prices drop steadily since about 2nd quarter 2008.
We are seeing more rent concessions from landlords and sellers lowering prices
with more patience to negotiate terms and conditions. With the current banking
crisis and their lack of funds to loan along with stricter lending guidelines,
the industrial real estate sales market has slowed down considerably as compared
to 2007 and the earlier half of 2008.
Many buyers of industrial real estate, especially investors are basically
standing on the side lines to see what the economy will do in the later half of
2009. Some industrial real estate tenants that are experiencing slower than
usual sales are subleasing all or part of their warehouse space and/or moving to
smaller space. Many business are also experiencing difficulties in making their
rent payments and some tenants end up giving back the space back to the
landlords.
We feel that the industrial real estate market will continue to fall this year
and into 2010.
Article Contributed by: David Lin, Managing Director
For more information, please contact:
Lin & Associates - Real Estate Services
310.933.5530
_____________________________________________________________________________________
INDUSTRIAL REAL ESTATE NEWS ARCHIVE
Click on links to download article:
1st Quarter 2009 -
News Articles/IndustrialMarketTrend1stQtr2009.pdf
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