EQT Real Estate acquires 5.2 million square foot logistics portfolio across Southern California
Why this matters
Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. Los Angeles is working asset-by-asset through an extended office reset. Hospitality on the West Side and selective industrial in the South Bay are where capital is currently moving; downtown Class B remains in price discovery. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
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On the RET wire
- The 27th Los Angeles story tracked on the wire in September 2026. All Los Angeles coverage →
- Disclosed industrial deal value tracked in September 2026: $3.3B across 19 reported transactions. All Industrial coverage →
Computed from Real Estate Trail’s own tracked coverage
STOCKHOLM, Sept. 17, 2026 /PRNewswire/ -- EQT Real Estate has acquired a 32-building, 5.2 million square foot logistics portfolio from Rexford Industrial Realty, Inc., spanning Los Angeles, Orange County, the San Gabr…
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