Class A Industrial Building For Lease - Market Rental Rates Increase for the Mid Counties Industrial Market
We have recently been hired to market and lease this property in the city of Santa Fe Springs, CA. This listing demonstrates the increase in rental rates realized over the past 18 months in Southern California. Spaces in the 10,000 +/- square foot size range are renting from $0.70 to 1.10 PSF NNN, and high quality buildings such as this are at a premium and hard to find.
As vacancy rates remain low, owners of businesses need to be ready for the increases in rental rates as they go out to secure new space in the market. However, working with a qualified real estate professional can help you navigate the process and keep occupancy costs as low as possible.
Christopher J. Destino, SIOR, a Principal at Lee & Associates, is an engaging, responsive professional who enjoys working closely with his clients and helping them succeed.