Forecast says demand will rise for industrial space in county
Pasadena Star-News
By Amanda Baumfeld
... The 2010 Casden Industrial and Office Market Forecast, released Thursday by USC's Lusk Center for Real Estate, studied the industrial and office markets between the summers of 2008 and 2009. It shows that demand for office space has dropped dramatically but that the industrial market has slightly increased.
"Heightened traffic at the ports of Los Angeles and Long Beach will create more jobs and an increased need for warehousing across Southern California," said Tracey Seslen, co-author of the forecast. "Considerable downward pressures on office rents will continue, however, due to job losses across the board." Vacancies in the Los Angeles County industrial market are at 3.2 percent, the report said...