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2017 on track to deliver most industrial construction in 10 years

  • ​Development is trying to catch up with demand.  Year-to-date, 3.6 million square feet of industrial space has been delivered,  with another 4.5 million square feet expected to deliver in Q4 of 2017, bringing the annual total to approximately 8.0 m.s.f. That is the most construction to deliver in a single year since 2007. The San Gabriel Valley market delivered 43.3 percent of the year-to-date total delivered product.
  • Currently, there are 46 projects totaling 8.6 million square feet under-way. Speculative construction is contributing a significant amount to the new deliveries through 2018. No new construction projects started this quarter. However, there are approximately 11.0 million square feet of planned/proposed product in the development pipeline.  The highest construction activity is occurring in the Mid-Counties market with 2.0 m.s.f. under way, followed by San Gabriel Valley and South Bay markets. ​​

Source: JLL Research

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