For the past five years, industrial tenants have enjoyed a dominant position in Southern California because space was plentiful and landlords were eager to keep their buildings full. Those days are coming to an end as occupancy rates edge higher and landlords push rents. “The market is shifting to favor landlords,” says Louis Tomaselli, senior managing director of Jones Lang LaSalle. “Tenants are starting to scramble for opportunities, and the ones who are slow in ...
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