Quarterly Reports Q4 - 2017 | Page 4

LOS ANGELES CO .

4 2017

Central Los Angeles & Mid-Counties

CENTRAL LOS ANGELES
MID-COUNTIES
▲ ABSORPTION
▲
▲ VACANCY
▲
▲ AVAILABILITY
▲
257,005,155
B AS E ( SF )
111,861,307
2.66
VACA N CY ( % )
1.43
5.72
AVAILABILITY (%)
4.65
2,299,094
SALE ACTIVITY ( SF )
997,610
N NUYS 170
101
ENCINO STUDIO CITY
BEVERLY HILLS
10
SANTA MONICA
1 90
MARINA DEL REY
LAX
EL SEGUNDO
MANHATTAN
BEACH 1
HERMOSA BEACH
CULVER CITY
134
5
101
TORRANCE
GLENDALE
5
CENTRAL MARKET
DOWNTOWN LOS ANGELES
110
2
LOS ANGELES
105
91
60
210
10
VALLEY
BALDWIN PARK
MID COUNTIES
SANTA FE SPRINGS
SOUTH EAST MARKET 5
NORWALK
FULLERTON
ANAHEIM
GLENDORA 210
CITY OF INDUSTRY
210
POMONA
91
30
10
60
CHINO AIRPO
57 71
BREA
DIAMOND BAR
SAN BERNARDINO COUNTY ORANGE COUNTY
UPLAND
CHINO
C O
C
2,401,985 L E AS E ACTIVITY ( SF ) 2,217,500
SOUTHBAY
405
LONG BEACH AIRPORT
PALOS VERDES
1
103
22
GARDEN GROVE
ORANGE
ORANGE COUNTY
Vacancy Rates Average Lease Rates
Q1-17
Q2-17
Q3-17
Q4-17
Downtown LA
2.25
2.60
2.72
3.37
Commerce Area
1.13
0.67
1.04
1.44
Vernon Area
2.77
2.85
2.74
3.45
Mid-Counties
1.85
1.74
1.41
1.43
Q1-17
Q2-17
Q3-17
Q4-17
Downtown LA
0.71
0.75
0.82
0.79
Commerce Area
0.67
0.69
0.68
0.77
Vernon Area
0.63
0.69
0.70
0.68
Mid-Counties
0.74
0.73
0.82
0.92
Vacancy Rates
BASE SF AVAILABILITY RATE (%) VACANCY RATE (%) BASE SF AVAILABILITY RATE (%) VACANCY RATE (%)
Commerce
49,052,326
4.57 ▲
1.27 ▲
Los Angeles
78,372,945
6.77 ▲
3.38 ▼
Montebello
10,052,026
2.74 ▼
2.15 ▲
Pico Rivera
9,563,173
2.81 ▲
0.38 ▼
Vernon
53,163,970
7.27 ▲
3.53 ▲
Buena Park
12,578,977
10.47 ▲
1.02 ▼
Cerritos
12,863,680
4.94 ▲
1.34 ▲
La Mirada
13,058,861
3.62 ▲
2.52 ▼
Norwalk
4,017,815
0.32 ▼
0.32 ▼
Santa Fe Springs
53,475,953
2.83 ▼
1.21 ▲
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 • 4TH QUARTER INDUSTRIAL MARKET REPORT