Southern California, with a population of 24 million, is the largest industrial market in the United States, and fourth largest global market with 2 billion square feet of industrial space, including 1 billion in Los Angeles. With a metro area population of 12.5 million, Los Angeles is the second largest metropolitan area in the United States and Los Angeles County has a greater population than 40 states in the U.S. Los Angeles is the entertainment capital of the world and features the second largest economy in the United States with an annual GDP of $1.1 trillion. Tourism provides the area’s second-largest source of employment, and the region continues to draw foreign and domestic visitors with attractions such as Hollywood, Disneyland, Universal Studios, and world-class beaches. Los Angeles is the largest manufacturing center in the U.S.; sectors include apparel, computer and electronic products; transportation equipment, fabricated metal products, and food products. International trade is also a major economic driver in the region, and 30% of U.S. imports travel through the ports of Los Angeles and Long Beach, which together operate as the largest U.S. port and the 6th largest in the world. Five major airports serve Los Angeles, including LAX, the second busiest airport in the U.S.
EastGroup’s Los Angeles portfolio is located throughout the Los Angeles County, Inland Empire, and Orange County industrial markets. The multi-tenant, dock-high properties are located with close proximity to major transportation features and serve users of varying sizes.