Southern California renters aren’t the only local tenants paying top dollar to the landlord.
My trusty spreadsheet reviewed a report from Commercial Cafe tracking key performance metrics for industrial and commercial real estate, a niche primarily made up of warehouses and other logistics facilities. The report, which studied 30 big U.S. markets as of September, shows that when it comes to warehouse costs, there’s almost no place like Southern California.
No. 1 nationwide for rent was Orange County, where all industrial leases average $17.09 per square foot – up 7% in a year. And new tenants pay more: the past year’s leases have run $19 per square foot, also tops in the nation.
No. 2 was the Los Angeles market, with rents averaging $15.59 per square foot – up 5% in a year. An L.A. lea

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