Southern California industrial leasing gains traction, but availability remains elevated

Southern California’s industrial market recorded a noticeable pickup in leasing activity early this year, offering evidence that tenant demand is stabilizing after a prolonged period of softening. Across Los Angeles, Orange County and the Inland Empire, new leasing volume surged in the first quarter, led by logistics and distribution users, even as elevated move-outs and construction continue to weigh on overall space availability.