Southern California industrial market sees increase in demand despite continued COVID-related lockdown
Six months into the COVID-19 pandemic and economic slowdown, the Southern California industrial market continues to show resilience. Compared to the fear and uncertainty back in March, the industrial market has recently seen a resurgence in leasing and sales activity as the overall economy began growing again. With Q3 2020 GDP growing 38.0% on an annualized basis after seeing a 33.3% contraction in the previous quarter, retailers and their logistics partners have quickly moved to increase market share and expand their supply chains.