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Article: Mid-Cities show a surprising amount of strength. (Special Report: Real Estate)
- Article from:
- Los Angeles Business Journal
- Article date:
- January 27, 1992
- Author:
CopyrightCOPYRIGHT 1992 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Small industrial spaces show the most increase in activity
The Mid-Cities office and industrial markets showed signs of tightening in the fourth quarter, while the region's housing market performed surprisingly well in light of the general downturn in Southern California home sales.
One of the most active areas of leasing in the past year has been the market for small industrial tenants, according to Chuck Lyons and David Fu of Fu-Lyons Associates, which has developed more than 1 million square feet of industrial space during the past 12 years in the Mid-Cities region.
Lyons said the company concentrates on buildings of up to about 40,000 square feet, ...