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LA’s South Bay industrial market boasts strongest rent growth

•Asking rents continue to increase in all submarkets in the LA Basin but the South Bay submarket has seen the most rent growth at 48.4 percent in the last five years.

•Asking rents are also the highest in the South Bay when compared to the rest of  the county by about eight to 10 cents per square foot, monthly.

•Its proximity to the LA and Long Beach Ports, LAX, as well as its five freeways and the Alameda corridor, make the South Bay a highly desired market to be in. Recent leases are rising above $0.95 NNN p.s.f.  We anticipate rents to increase throughout the next 18 month at the same quarterly growth rate of  2-3 percent. 

Source: JLL Research

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