Second Quarter 2026
Industrial Market Outlook
Los Angeles County
Marmon Keystone Corporation sold this 183,690-square-foot industrial complex to Phenix Truck Bodies and Equipment for $23.25 million ($127 per square foot).
By J.C. Casillas
Managing Director of Research and Public Relations at NAI Capital Commercial
Managing Director of Research and Public Relations at NAI Capital Commercial
LEASING TRENDS
Leasing accelerated, rising 8.9% QoQ and 18.5% YoY in Q1’26. Rent continued its slide, falling 0.7% QoQ and 4.9% YoY, even as construction ticked up 2.7% QoQ, though supply remains 28.1% below Q1’25 levels. Rent softening points to lingering oversupply, though showing clearer signs of stabilization.
SALES TRENDS
Sales volume rose 19.2% QoQ but remained 15.5% below Q1’25 levels, while average pricing fell 9.5% QoQ and 17.5% YoY. Rising volume alongside falling pricing suggests buyers are capitalizing on lower valuations heading into H2 2026.
