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REIT Sees Opportunity for Repositioning Outdated Industrial Space in “Nation’s Largest Zone of Consumption”

Rexford Industrial Works Its Niche in Southern California's Infill Markets
One of Rexford’s third quarter acquisitions was this 32,800-square-foot warehouse built in 1989 at 1300 Storm Parkway in Torrance, California. (CoStar)
One of Rexford’s third quarter acquisitions was this 32,800-square-foot warehouse built in 1989 at 1300 Storm Parkway in Torrance, California. (CoStar)
By Jessica Stevenson
CoStar Research
November 14, 2019 | 3:07 P.M.

There are essentially two major growth strategies for industrial real estate investment trusts. Buy 'raw' undeveloped land and build the biggest box zoning allows, or find overlooked older buildings in prime locations and put money into making them competitive again.

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News | REIT Sees Opportunity for Repositioning Outdated Industrial Space in “Nation’s Largest Zone of Consumption”