For most tenants, better values are found in second or third generation buildings. This means buildings that are roughly 15 to 20 years old having already been occupied by previous tenants. They are still modern warehouses with good ceiling heights (24’-30’), loading, power, and efficient layouts. Most of these second generation buildings are well away from residential areas which have become a greater concern for industrial users. Many are LEED certified.

Newer buildings are even more functional because of higher ceilings (32’-40’) and better design. They are more costly because of higher land prices, construction costs, and property taxes. Most are unpriced and appear on the bottom of the graph. In reality, they should be on the top scale because they are the most expensive. Older buildings (pre-2000) can require upgrades to overhead sprinklers, seismic, offices, and have design flaws that can inhibit efficient operations.

The number of offerings in the current cycle will give you a wide selection of choices in almost all Southern California markets.