High Demand for Warehouse Facilities in Coastal Markets, Report Shows

By Patricia Kirk

Industrial developers in coastal U.S. markets are cashing in on the extraordinarily high demand by small businesses for for-sale modern warehouse facilities of between 25,000 and 40,000 sq. ft.

For example, Los Angeles-based Dedeaux Properties and a joint venture partner recently sold seven stand-alone industrial buildings ranging in size from 27,438 sq. ft. to 43,166 sq. ft. at Echelon Business Park in City of Industry, Calif. before a certificate of occupancy had been secured, according to Matt Evans, Dedeaux chief investment officer.

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