San Fernando Valley Is LA’s Only Industrial Submarket in the Red, Losing 238,000 SQFT as 1.07MM SQFT Rises

The Greater San Fernando Valley gave back 238,000 square feet of occupied industrial space in the third quarter, the only Los Angeles submarket to post a loss, even as developers push 1.07 million square feet of new construction toward a market that delivered no new buildings during the quarter, according to CBRE.