[James Klein]

The most important fact of today’s market is a complete lack of available space in Gardena. I monitor availabilities every day and very little vacant space is being added to inventory. I’m telling all tenants to pay the asking price, adhere to all landlord requests and be happy there is a space to move into. I’m also seeing tenants take more space than they need and travel farther than they would like just to have a building.

It could be demand begins to slack off a bit but there is definitely no new construction on the horizon for smaller spaces. Rents will have to increase by a fairly large amount to justify new development.

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