Los Angeles Real Estate Impacts Supply Chain Costs
It was a textbook case of supply and demand. That’s what drove industrial real estate rents sky-high in greater Los Angeles in 2022. And the effects may ripple all the way down the supply chain to shippers moving freight through the Ports of Los Angeles and Long Beach. To sum up exactly what happened: Where industrial real estate—including warehouse space—was concerned, 2022 was a landlord’s market with very few vacancies. As a result, rent in Los Angeles rose in 2022, both for new tenants and existing tenants. Additionally, to compensate for inflation, some landlords added consumer price index (CPI) increases on top of rent...
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