Los Angeles County industrial space, in the tightest major market in the country.
Los Angeles County holds 784.8M sq. ft. of industrial space and almost none of it is empty. Vacancy tightened again in Q2 2026 and there is only 4.2M sq. ft. under construction against that base, which is roughly half of one percent. There is no supply wave coming to loosen this market, so the work here is finding the block before it is marketed and being ready to move when it appears.
Where the leverage sits right now.
At 3.8 percent vacancy and 6.4 percent availability, Los Angeles County is a landlord's market and pretending otherwise wastes everyone's time. Leverage here comes from timing and preparation rather than from market softness. A tenant who has the financials ready and can sign inside the landlord's timeline still wins concessions that a slower tenant will not.
The two firms disagree and the reason is definitional, not factual. Colliers reports 3.8 percent for Los Angeles County, CBRE reports 5.0 percent for its own Los Angeles market. Colliers tracks single and multi-tenant buildings above 10,000 sq. ft. and excludes heavy manufacturing and data centers. When a landlord quotes a vacancy rate to justify a rent, ask which tracked set it came from.
Where the space actually is: Mid-Counties at 5.3 percent and South Bay at 4.5 percent hold most of the county's availability. San Gabriel Valley at 3.1 percent and Central Los Angeles at 3.2 percent hold almost none. If the requirement can flex on geography, that spread is the negotiation.
Asking rent has fallen twelve straight quarters across Greater Los Angeles and sits at $1.39 NNN for the county. A lease signed at the 2023 peak is materially above today's market, which makes an early renewal conversation worth having before the option date forces one.
What the major brokerages report.
Each firm tracks a slightly different building set, and in some markets a different metric, so the figures differ. We show all of them rather than average them, because an average of three different definitions describes nothing. Where the spread matters to a negotiation, we say so above.
| Firm | Quarter | Vacancy | Asking rent | Net absorption | Under construction |
|---|---|---|---|---|---|
| Colliers colliers.com | Q2 2026 | 3.8% | $1.39 NNN | +4,177,638 sq. ft. | 4.2M sq. ft. |
| CBRE cbre.com | Q2 2026 | 5.0% | n/a | n/a | n/a |
Reach, infrastructure, and labor.
Share of the US population within 450 road-equivalent miles (one-day ground) and 1,000 miles (two-day ground) of the market center, computed against population-weighted centroids of all 3,125 US counties (2020 Census). Bands approximate FedEx and UPS Ground zone tables within roughly 10 percent and are for comparing markets, not quoting transit times.
Sources: ofis.trade.gov
Bureau of Labor Statistics, OEWS May 2025; CES 2026. Wage is the mean hourly wage for laborers and freight, stock, and material movers (OEWS 53-7062) in the metro area.
Where the buildings are.
Commerce, Vernon and the downtown industrial core. 213.5M sq. ft. at 3.2 percent vacancy and $1.24 NNN in Q2 2026. The oldest stock in the county and the tightest large concentration of infill space.
Carson, Compton, Rancho Dominguez, Gardena, Torrance and Long Beach. 198.8M sq. ft. at 4.5 percent vacancy and $1.48 NNN, the priciest large submarket because it is closest to the ports. LAX and El Segundo ask $2.07 NNN.
Anchored by the City of Industry. 158.7M sq. ft. at 3.1 percent vacancy and $1.32 NNN. Industry alone is 118.7M sq. ft. at 2.7 percent, so large blocks come up rarely and go quickly.
113.7M sq. ft. at 3.8 percent vacancy and $1.45 NNN. Santa Clarita is the release valve at 7.2 percent and $1.38 NNN, the only sizeable pocket of availability in the valley.
100.1M sq. ft. at 5.3 percent vacancy and $1.30 NNN, the softest of the five LA County submarkets and usually the first place to look for a mid-size requirement.
The operations that choose Los Angeles.
We represent tenants and buyers only. No landlord listings in Los Angeles, so every building in the market is a candidate and every negotiation is on your side of the table. See the operations we serve.
Evaluating Los Angeles?
Tell us the size, timing, and operation. We will come back with a curated shortlist and a read on where the leverage is in this market right now.