After spending the entire second quarter of 2020 under a COVID-19 shutdown, the Inland Empire's industrial market was left with fewer transactions, a dip in the average asking rent and lower vacancy.
Los Angeles County’s multifamily market showed signs of softening leading up to the COVID-19 shutdown. After 10 years of growth, the average asking rent dipped 0.5% from the prior quarter to $1,911/Unit, up 1% compared to Q1 2019.
The Los Angeles County office market is witnessing lower transaction volume, rising vacancy and slowed rent growth after spending Q2 2020 under a COVID-19 shutdown.
Ventura County’s retail market witnessed steady growth in the first quarter until the COVID-19 shutdown.
Prior to the COVID-19 shutdown, Orange County’s retail market held its footing with continued rent growth and low vacancy in the first quarter.
The Inland Empire retail market showed signs of softening in the first quarter heading into the COVID-19 shutdown.
The Los Angeles retail market cooled in the first quarter in the wake of the COVID-19 shutdown.
Ventura County’s multifamily softened slightly but remained near the peak reached in 2019 prior to the COVID-19 outbreak.
Orange County’s multifamily housing market cooled in the first quarter heading into the COVID-19 shutdown.
The Inland Empire’s multifamily market remained at the peak in Q1 2020 prior to the COVID-19 shutdown.