Defense Dollars Supercharge LA's South Bay Industrial Market

Aerospace and defense tech firms are pouring into the South Bay’s industrial market, turning a historically strong leasing submarket into the engine driving Los Angeles’ tightening vacancy and improving absorption. Although aerospace and defense companies have been a part of the LA landscape for decades, their growth has taken off as a result of increased federal funding available for companies working in or supporting these industries, Newmark Head of Southwest Research Dain Fedora said.