EXPLORING INDUSTRIAL’S NEW CHALLENGES AND OPPORTUNITIES – FROM DESIGNS CHANGES TO TENANT DEMANDS AND POTENTIAL ACQUISITIONS
Much of the strength of Southern California’s industrial market comes from the ports – Long Beach and Los Angeles – and though port volumes are at their lowest level since 2009, there is optimism in the air.
“China’s manufacturing has already begun to rebound and ship departures from China have increased,” says CBRE’s Kurt Strasmann to Globe St.. He added, ”many e-commerce companies are operating at a greater capacity than peak holiday season with the biggest player in the field having announced plans to expand their workforce by 100,000 workers nationwide.”
If you couple manufacturing and trade resuming with sharp shifts in consumer demands and habits, what you get is an exciting time for industrial assets in Southern California. Join Dedeaux Properties Principal Brett Dedeaux Properties and Rexford Industrial CEO Howard Schwimmer as they discuss the current state of their existing assets as well as their plans for future acquisitions and development.