The Southern California industrial real estate market braces for full impact of COVID-19 shutdown as questions over the future of the global supply chain begin to be asked.
As the overall U.S. economy continues to see a sharp slowdown in economic activity due to the COVID-19 global pandemic and subsequent shutdown, the Southern California industrial market is bracing for high availability and vacancy next quarter. As a result, a slowdown in space demand over the next 1-2 quarters is expected as consumers and domestic manufacturers retrench.