The Los Angeles industrial market started the new decade on an altered trajectory in the wake of the COVID-19 global outbreak. The consistent rises in the asking rent and decline of the vacancy rate could reverse in the aftermath of the pandemic.

The Orange County office market remained stable prior to the COVID-19 shutdown, starting the decade with single-digit vacancy. Now the office market faces uncertainty as the pandemic develops.

After a decade of unprecedented growth, the Inland Empire’s industrial market seemed to peak in 2019 followed by the COVID-19 outbreak. The current Q1 2020 data does not fully reflect the pandemic shutdown and the economic impact on the market. What could we see in the months ahead?

By all measures the Los Angeles County office market was poised to start the new decade as an extension of a record-breaking 2019 that included significant construction, rising rent and low vacancy until the COVID-19 shutdown.

To help tenants and landlords get a pulse of where the retail market could be headed, we conducted a COVID-19 Impact Survey of our retail market experts. Read on for our brokers’ takes on the future of the retail market.

To help our clients get a pulse of where the office market could be headed, we conducted a COVID-19 Impact Survey of our office market professionals. Read on to see what our brokers had to say.

To help our clients get a pulse of where the industrial market could be headed, we conducted a COVID-19 Impact Survey of our industrial market professionals. Read on to see what our brokers had to say.

Employment growth fueled the office markets in Los Angeles County, Orange County, the Inland Empire and Ventura County in Q3 2019.

The industrial market in Southern California is limited by lack of land, except in the Inland Empire. Low availability is leading to higher asking rent in all markets, though the rate of growth is slowing down.

The third quarter marked a change of pace for Los Angeles County’s industrial market. Leasing and sales volume declined significantly year over year, down 44.6% and 40%, respectively. The average asking rent was flat over the prior quarter at $1.01/SF — still the highest on record.