Quarterly Reports Q2-2017 | Page 4

LOS ANGELES CO .

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CENTRAL LOS ANGELES
ABSORPTION
VACANCY
MID-COUNTIES
N NUYS
ENCINO
170
101
STUDIO CITY
BEVERLY HILLS
134
5
101
GLENDALE
5
CENTRAL MARKET
DOWNTOWN LOS ANGELES
2
210
10
VALLEY
BALDWIN PARK
GLENDORA
210
210
POMONA
UPLAND
30
10
AVAILABILITY
257,005,155
BASE ( SF )
112,285,291
2.00
VACANCY (%)
1.74
5.59
AVAILABILITY (%)
5.67
1,240,625
SALE ACTIVITY ( SF )
848,974
10
SANTA MONICA
1 90
MARINA DEL REY
LAX
EL SEGUNDO
MANHATTAN
BEACH 1
HERMOSA BEACH
CULVER CITY
TORRANCE
110
LOS ANGELES
105
91
60
SANTA FE SPRINGS
SOUTH EAST MARKET
5
MID COUNTIES
NORWALK
FULLERTON
ANAHEIM
CITY OF INDUSTRY
57 71
BREA
DIAMOND BAR
91
SAN BERNARDINO COUNTY
ORANGE COUNTY
CHINO
60
C O
CHINO AIRPO
C
1,942,813 LEASE ACTIVITY ( SF ) 1,653,351
SOUTHBAY
405
LONG BEACH AIRPORT
PALOS VERDES
1
103
22
GARDEN GROVE
ORANGE
ORANGE COUNTY
Vacancy Rates Average Lease Rates
Q3-16
Q4-16
Q1-17
Q2-17
Downtown LA
2.10
2.10
2.25
2.60
Commerce Area
1.69
1.15
1.13
0.67
Vernon Area
2.52
2.81
2.77
2.85
Mid-Counties
1.64
1.43
1.85
1.74
Q3-16
Q4-16
Q1-17
Q2-17
Downtown LA
0.68
0.71
0.71
0.75
Commerce Area
0.63
0.62
0.67
0.69
Vernon Area
0.60
0.65
0.63
0.69
Mid-Counties
0.67
0.66
0.66
0.73
Vacancy Rates
BASE SF AVAILABILITY RATE (%) VACANCY RATE (%) BASE SF AVAILABILITY RATE (%) VACANCY RATE (%)
Commerce
48,121,031
2.62 ▼
0.63 ▼
Los Angeles
110,772,509
6.36 ▲
3.17 ▲
Montebello
10,052,026
2.47 ▼
1.43 ▼
Pico Rivera
9,563,173
4.37 ▲
0.55 ▲
Vernon
52,781,175
8.84 ▲
3.05 ▲
Buena Park
12,578,977
10.39 ▲
0.32 ▼
Cerritos
12,863,680
3.42 ▲
1.05 ▲
La Mirada
13,058,861
4.15 ▼
2.75 ▲
Norwalk
4,017,815
3.92 ▲
0.94 ▲
Santa Fe Springs
53,475,953
5.59 ▼
1.37 ▲
SELECT STATS ( 10K AND UP )
AVAILABILITY RATE • THE PERCENTAGE OF ALL SPACE BEING MARKETED FOR SALE OR LEASE AT A PERIOD OF TIME IN A GIVEN AREA .
VACANCY RATE • THE PERCENTAGE OF ALL UNOCCUPIED SPACE BEING MARKETED FOR SALE OR LEASE AT A PERIOD OF TIME IN A GIVEN AREA .
GROSS LEASE ( GRS ) • A LEASE AGREEMENT IN WHICH THE STATED RENT BEING PAID TO THE LANDLORD INCLUDES PROPERTY TAXES AND PROPERTY INSURANCE .
GROSS ABSORPTION • TOTAL NUMBER OF PROPERTIES LEASED OR SOLD FOR OCCUPANCY AT A PERIOD OF TIME IN A GIVEN AREA .
TRIPLE NET LEASE ( NNN ) • A LEASE AGREEMENT WHEREBY THE TENANT IS OBLIGATED TO PAY FOR ALL THE OPERATING EXPENSES , I . E . PROPERTY TAXES , PROPERTY INSURANCE , AND FACILITY MAINTENANCE .
BASE SF • SQUARE FOOTAGE OF EXISTING AND UNDER CONSTRUCTION INDUSTRIAL BUILDINGS .
LEE & ASSOCIATES • 2017 • 2ND QUARTER INDUSTRIAL MARKET REPORT