As vacancy has risen slightly, and Los Angeles businesses are seeing slightly better prices per square foot, there has been a recent trend towards moving towards the beach. Demand for industrial, office and retail space in the beach areas is up nearly 15% from a year ago, and it shows no signs of slowing up.
Many attribute it to the growing difficulty of commuting around Los Angeles, and that it is a merely relocalizing around the separate city cores. Regardless of its cause, Los Angeles commercial real estate investors are looking very happy in the fine Southern Californian weather..
