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Small-bay space looms large in Southern California

BKM's buying spree bets on the tightest corner of the industrial market
The 11-building Hoover Business Park in Garden Grove was included in BKM's $1.8 billion portfolio acquisition from Link Logistics. (CoStar)
The 11-building Hoover Business Park in Garden Grove was included in BKM's $1.8 billion portfolio acquisition from Link Logistics. (CoStar)
CoStar Analytics
June 26, 2026 | 7:52 P.M.

Vacancy for sub-10,000-square-foot buildings in Los Angeles, Orange County and the Inland Empire has crept up from 2022 lows but remains well below vacancy in larger buildings, a divergence fueling fresh institutional bets on small-bay and multitenant light industrial.

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