What’s causing the lack of demand for industrial real estate?

Good day, dear readers! Today I feel a bit professorial. Therefore, I’ll discuss a phenomenon we’re witnessing in the industrial real estate market in Southern California — the lack of demand.

What is demand, you may ask?

In this context, demand stems from a need created by external factors. Think for a moment about your own home. If you suddenly realize you’re out of coffee, you have a need created by an external factor — someone forgot to put coffee on the shopping list. Consequently...