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Sale prices in Los Angeles County are off the roof

• Sale prices for industrial properties in Los Angeles county have been fast increasing and are currently at record highs. Based on properties sold, sale prices have increased by 69.15 percent in the last five years and 17.34 percent year-over-year for all buildings greater than 10,000 square feet.

• We see sale transactions happening at and above $300.00 per square foot in the LA Basin. Recently a 12,006-square foot property at 616 S Anderson St in Los Angeles sold for $366.48 per square foot and a 11,870- square foot building at 12767 Foothill Blvd in Sylmar for $300.00 per square feet.

• The high demand from owner/users and investors and limited on-market opportunities have pushed asking prices up to historical highs for all industrial properties regardless of class and size. Despite the increased prices however, buyers continue to enter the market in search for space to buy.

Source:  RCA sale comps and JLL Research

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