Dimitri Petrakis | South Bay Industrial

Industrial broker @ LAREM Industrial | LA South Bay | Warehouse and Land leasing & sales near the ports | Market data weekly | DMs open 📦

[Dimitri Petrakis | South Bay Industrial @DimitriCRE]

I'm Dimitri Petrakis. Industrial broker with LAREM Industrial covering the LA South Bay & Long Beach.

Follow for:
📊 Vacancy & rent data
🚢 Port & logistics takes
🏭 Deals & tours
💡 Tenant & owner tips

Need space or want to know what your building's worth? DM me.

[Dimitri Petrakis | South Bay Industrial @DimitriCRE]

Waiting on new supply to soften rents before your lease is up? I wouldn't. Prologis says rents would need to rise 27% before most new warehouses pencil. In the South Bay, the space on the market today may be the best selection you'll get. When does yours expire?

[Dimitri Petrakis | South Bay Industrial @DimitriCRE]

18,312 SF industrial building for sale in LA 90061, at 12828 S Broadway. Freestanding with yard, heavy power, 14'-19' clearance, and 110 / 105 / 91 / 710 access. Asking $4,925,928.

[Dimitri Petrakis | South Bay Industrial @DimitriCRE]

Custom-built office HQ in Hawthorne, for sale and now available for lease. 5,671 SF at 13806 S Inglewood Ave, with private parking, 400-amp power, and easy 405 / 105 / 110 access. Asking $2,750,435.

[Dimitri Petrakis | South Bay Industrial @DimitriCRE]

@gCaptain A strong September, but I'm more interested in what comes after peak season. If volumes ease into Q1, South Bay tenants who've been running tight on space may finally get a bit more leverage.

[Dimitri Petrakis | South Bay Industrial @DimitriCRE]

@rohde88 So true, and it's an easy fix compared to anything in the warehouse. Tenants notice a tired office in the first five minutes of a tour, and a light refresh can cut weeks off downtime.

[Dimitri Petrakis | South Bay Industrial @DimitriCRE]

@bcarrillo777 Fenced, paved and lit on PCH checks every box port users care about. Ready-to-go yard this close to the terminals is so hard to find, I'd expect this one to get a lot of calls.

[Dimitri Petrakis | South Bay Industrial @DimitriCRE]

Entitled land is the real currency in the South Bay right now. Cabot just bought a permit-ready 5.42-acre Torrance site approved for a 122K SF Class A building (per Traded LA). Buyers pay up to skip the entitlement wait. Own land without approvals yet? Worth a closer look.

[Traded: Los Angeles @tradedla]

Orange County office rents just hit an all-time high.

- Record $3.04/SF average asking rent
- Vacancy 14.5%, down from 16.8% a year ago
- 630,435 SF absorbed in Q3, 5th straight positive quarter
- Sublet availability 1.9%, lowest since 2015

Q3 data via @Newmark

[Dimitri Petrakis | South Bay Industrial @DimitriCRE]

@InTekLogistics Record TEUs sound great until the boxes need somewhere to sit. If peak volume sticks, short-term yard and overflow space near the ports gets tight fast in the South Bay. Anyone else seeing that?

[Dimitri Petrakis | South Bay Industrial @DimitriCRE]

Saturday the Vincent Thomas Bridge closes for 16 months (per Port Technology). About 8% of San Pedro Bay drayage runs that span. If you're pulling boxes off Terminal Island, bake in extra drive time now. Who's already rerouting?

[Dimitri Petrakis | South Bay Industrial @DimitriCRE]

@MajorPropsLA Congrats on the close. Flex at that size near downtown doesn't come up often, and owner-users keep showing they'll pay up for well-located small buildings.

[Dimitri Petrakis | South Bay Industrial @DimitriCRE]

Owners with an industrial loan maturing in 2027: start the refi conversation now. Brookfield just handed a downtown LA tower back to its lender instead of refinancing at today's rates. Industrial is in far better shape, but waiting on rates rarely helps. When's yours due?

[Dimitri Petrakis | South Bay Industrial @DimitriCRE]

Congrats to Andrew Dilfer, and to Marc Bonando on the board seat too. SIOR's LA chapter sets the bar for industrial brokers in this market, and I'm glad to see it in good hands.

[Kidder Mathews @KidderMathews]

Congratulations to Executive Vice President Andrew Dilfer, SIOR on his election as President of the Greater Los Angeles Chapter of the Society of Industrial and Office Realtors (SIOR): https://t.co/6mSz6AF7Qo

[Dimitri Petrakis | South Bay Industrial @DimitriCRE]

@freightgod Freight costs are a real estate question too. When trucking gets pricier, I see tenants put more weight on being close to the port and their customers, even if the rent is higher. Shorter drives start to pay for themselves.

[Dimitri Petrakis | South Bay Industrial @DimitriCRE]

@freightgod Automation like that changes the building too. Robotics-heavy DCs need more power, flat floors and clear height than a lot of older SoCal warehouses have. I think owners who upgrade now will win those tenants later.

[Dimitri Petrakis | South Bay Industrial @DimitriCRE]

My take on Outpost buying two outdoor storage sites near NJ shipping corridors (per Commercial Observer): yard space near ports is in demand everywhere. In the South Bay, a paved, fenced lot near the terminals is one of the hardest things to find. Got extra land? Is it earning?

[Dimitri Petrakis | South Bay Industrial @DimitriCRE]

@SupplyChainDive This is the part of the demand picture I think people underrate in LA. Manufacturers sign longer leases and invest in their space, which makes them great tenants. The catch is finding buildings with enough power for them.

[Dimitri Petrakis | South Bay Industrial @DimitriCRE]

@freightgod Agreed, and the deployments will show up in the buildings too. Robots need flat floors, strong Wi-Fi and plenty of power. A lot of older South Bay warehouses weren't built for that, so I'd expect upgrades to become part of the leasing pitch.

[Dimitri Petrakis | South Bay Industrial @DimitriCRE]

My take: the next wave of South Bay industrial demand may come from manufacturing, not just port logistics. Reshoring added 247K US manufacturing jobs in 2025, per the Reshoring Initiative. Those users want power, clear height and longer leases. Is your building ready?

[Dimitri Petrakis | South Bay Industrial @DimitriCRE]

@bcarrillo777 Couldn't agree more, the timing is rough. Glad the talks got extended, but if I were a tenant near the ports I wouldn't drop the contingency plan just yet.