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Southern California's Biggest Industrial Property Buyer Lowers Rent Growth Projections

Rexford Industrial Realty Has $235 Million in Deals in Its Pipeline
Rexford bought the roughly 76,000-square-foot 5630 Cerritos Ave. in Cypress, California, for $21.4 million, or $281per square foot. (CoStar)
Rexford bought the roughly 76,000-square-foot 5630 Cerritos Ave. in Cypress, California, for $21.4 million, or $281per square foot. (CoStar)
CoStar News
July 20, 2023 | 10:54 P.M.

Southern California's biggest industrial buyer still is looking to get bigger, but the company is acknowledging that rent growth is softening after the pandemic caused demand to soar.

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News | Southern California's Biggest Industrial Property Buyer Lowers Rent Growth Projections