by Jodi Summers

There may have been a cataclysmic political shift, but the current commercial real estate cycle typical industrial propertycontinues on its regular course and industrial real estate in Los Angeles is still fabulous.

While multifamily and office segments appear to be topping out, industrial is still on a strong upward trajectory. E-commerce fulfillment is a driving force for industrial, just as it is annihilating the demand for retail real estate. Zoning constraints will continue to propel industrial real estate on its upward trajectory.

“The amount of warehouse space is not enough. Supply can’t keep up with demand at this point,” observed Allen Matkins partner John Tipton.

UCLA anderson forcase graph 2Q 2017

Industrial in the outer areas like the Inland Empire, is getting built with relative ease, but more centrally located industrial supply is hard-pressed to meet demand needs, which impacts pricing.

This Anderson School surveyed respondents in San Francisco, Silicon Valley, East Bay, Los Angeles, Orange County and San Diego about markets and building conditions three years out. The three-year outlook allows for entitlements, environmental reviews and sales/purchases. Each panel expressed optimism for industrial through 2019. Additional forces affecting a positive industrial market are manufacturing, export of goods to Asia and Mexico, and imports from Asia coming through California ports.

There are fine commercial real estate investments out there. For more information please contact Jodi Summers and the SoCal Investment Real Estate Group @ Sotheby’s International Realty – jodi@jodisummers.com or 310.392.1211, and let us move forward together.

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https://www.bisnow.com/national/news/state-of-market/bisnow-exclusive-results-are-in-from-latest-allen-matkinsucla-anderson-forecast-commercial-real-estate-survey-70495

https://www.youtube.com/watch?v=Xhzuv9IW_hM

http://www.socalindustrialrealestateblog.com/los-angeles-industrial-real-estate-snaphot-2q-2017-just-getting-started/

https://chuckberger.files.wordpress.com/2016/12/industrial-structures-warehouse-13639051.jpg?w=1200

http://centerpoint.com/wp-content/uploads/2015/09/centerpoint-los-angeles-long-beach-port-feature-02.jpg

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About Jodi Summers

Jodi Summers Sotheby’s International Realty 310.392.1211 jodis@jodisummers.com www.SoCalInvestmentRealEstate.com www.SantaMonicaLandmarks.com www.SoCalIndustrialRealEstateBlog.com www.SoCalOfficeRealEstateBlog.com www.SoCalGreenRealEstateBlog.com www.SantaMonicaPropertyBlog.com Jodi Summers Bio With $100,000,000 in listed inventory, Jodi Summers understands the coastal commercial real estate market. A top producer with Sotheby’s International Realty, Jodi knows finance, rules, regulations, procedures and methods. She is accurate, knowledgeable, timely and aware of how government shapes the cities of Southern California. Jodi is born in Brooklyn, raised in and around Manhattan – the family business was marketing, Madison Avenue style. Childhood math quiz questions calculated demographic and psychographic percentages or analyzed the allocation of adverting dollars. Word games were for devising slogans. An honors graduate from the Walter Cronkite School of Journalism at Arizona State University, Jodi moved to California to achieve her goal of living by the beach with a palm tree and a hibiscus bush in her yard. She thrived as an entrepreneur in the entertainment, media and marketing industries. One of her books, “Marking and Marketing Music,” is in second edition. “My marketing and communication skills have proven to be a true gift when it comes to promoting real estate,” observes Jodi. “And I am consistently able to get an exceptionally high price per square foot for my sellers.” Discipline (Jodi holds a Black Belt in Tae Kwon Do), organization, motivation, excellent communication skills and knowing & satisfying the needs of her clients have been her essentials for running a successful business. A passion for investment real estate explains her emphasis in asset-yielding properties. Her team joined Sotheby’s International Realty for the company’s powerful brand and stellar reputation. “We offer the broad market knowledge needed to assist clients in formulating a sound acquisition strategy,” Jodi amplifies. “Together, we evaluate various markets, property types and neighborhoods to devise a customized approach that meets each client's specific objectives.” Jodi is a member of the Action Apartment Association of Westside income property owners, the Santa Monica Conservancy historic preservation society, the Ocean Park Association, the Friends of Sunset Park community group, the Real Estate Investors Club of L.A., and the Culver City Rock & Mineral Club. Members of her team are fluent in Spanish and Italian. “Our reputation assures your satisfaction.”

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