Toured an industrial park today and every other building had a for sale or lease sign on it
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[{"id": "it5cn4e", "text": "No, it depends on the specs of the industrial building. Without looking at it, if it has low clear heights, no loading docks, etc, it would have very low demand.", "replies": [{"id": "it7vixl", "text": "Yes, depends on specific market demand matched with product supply.", "replies": [], "depth": 2}], "depth": 1}, {"id": "it5sact", "text": "Not in Texas. there is a waiting list to rent an office.", "replies": [], "depth": 1}, {"id": "it660d5", "text": "Most brokers keep their signs up even after the space has been leased. Good way to generate business from call-ins.\n\nI'm in one of the hottest industrial markets in the country and if you drive around you will see For Lease signs on almost every building despite the vacancy rate being under 3%.", "replies": [{"id": "it7f56q", "text": "I still have a sale sign up (marked with a SOLD overlay) with great highway visibility on a piece of land I sold in 2004.  New owner doesn't care since it's on a wooded and unusable portion of the lot.  I can't tell you how many people have told me \"oh yeah you're the guy with the sign near the highway\"\n\nThe sign is starting to show it's age, I'm thinking about having my sign guy redo it.  \ud83d\ude01", "replies": [{"id": "it82405", "text": "Great name!", "replies": [{"id": "it853bk", "text": "Thanks -- there were a few others with the same idea before me, which is why I had to do the spacing and hyphen the way I did.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "it7vnb5", "text": "Industrial market is on fire in Los Angeles, CA.", "replies": [{"id": "it8q84m", "text": "Hey can you elaborate?  Are you saying the demand is too much for Industrial Space in Los Angeles?", "replies": [{"id": "it8txla", "text": "As of October 2022, 1.8% industrial real estate vacancy rate for Los Angeles county, CA.  Asking rates are up.  I have a warehouse owner user buyer, we will buy within 60 miles of downtown LA, sale prices to purchase are sky high. We can't get a building that makes sense.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "it6hyx7", "text": "DOD tenants are likely going to expand or grow in the coming cycle", "replies": [], "depth": 1}, {"id": "it7e256", "text": "We don\u2019t have a single vacancy in any of our parks, and they\u2019re the typical SMB type units. In this market I\u2019d say it speaks to poor management or bad location.", "replies": [], "depth": 1}, {"id": "it7vd5k", "text": "Not in Los Angeles, CA. Warehouse industrial space to lease is $1.25 to 1.45 per square foot per month. For sale buildings to occupy for a business are over $350/sf to buy. Inventory is super lower.", "replies": [], "depth": 1}, {"id": "it8jf7i", "text": "Our market (Sacramento) is sitting at about a 5% vacancy, with some submarkets significantly lower than that as of the end of Q3. Signs get left up as others here have mentioned, I\u2019ve been guilty of it from time to time.", "replies": [], "depth": 1}, {"id": "it8kryl", "text": "What part of Sacramento?", "replies": [], "depth": 1}]