23 quarters of reduction in the availability rate in the industrial sector has resulted in 9.4% availability. This ties it with the multi-family market. The 4th quarter of 2015 saw 130 million sq. ft. under development with half of that total pre-leased.
This has added to the fury of activity for commercial building inspectors in Los Angeles and southern California in general.
However, there are signs of a potential downturn such as prominent foreign investment and the signs of B-grade property selloff. Read more about it here.
Allison Property Inspection provides commercial, office, industrial, and multi-family building inspections in Los Angeles, Orange County and Riverside, CA. We are your Los Angeles building inspector.