Rexford Sells $1.3B in SoCal Industrial Assets as Leasing Rebounds
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. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
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On the RET wire
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Computed from Real Estate Trail’s own tracked coverage
Rexford Industrial Realty continued its transformation from Southern California’s biggest industrial buyer into one of its largest sellers during the third quarter after completing $1.3 billion in property sales. The…
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