The region has long been a key logistics hub for companies distributing goods arriving through the ports of Los Angeles and Long Beach but has seen an explosion in demand in recent years from e-commerce sellers such as Amazon as well as old-line retailers such as Nordstrom and Walmart that are beefing up their online sales. In the first quarter, "the market showed no signs of deceleration due to impressive demand levels," CBRE said in a report.

Source: Los Angeles Times June 03, 2019 22:18 UTC