Brandon Carrillo, Principal at Lee & Associates, represents landlords, sellers, tenants, and buyers across the Los Angeles and Long Beach industrial and office markets — with 20+ years of transaction experience closing upwards of 50 lease and sale deals a year.
Where the ports meet the freeway — the corridor Brandon works every day.
A selection of recently closed sale and lease transactions across Long Beach, Signal Hill, the Inland Empire, and surrounding submarkets.
±277,620 SF Land · ±10,125 SF Building
±13,010 SF Freestanding CTU Building
5,460 SF Industrial · Tenant Rep
±9,376 SF Yard · ±3,000 SF Office
±64,731 SF · Concrete Batch Plant
±10,112 SF Building · ±41,818 SF Land
±24,590 SF Industrial Building · ±45,055 SF Lot
Creative Industrial Space
±135,862 Gross SF Land · M1 Zoning
±34,500 SF on ±1.85 Acres Land
±1.16 AC Land · Adjacent to 710 Fwy
Source: Lee & Associates deal announcements. Career-wide, Brandon's resume cites 398 total lease + sale transactions since 2009 — these are a recent sample, not the full history.
LA – South Bay, CA industrial market overview, authored by Brandon Carrillo, Principal at Lee & Associates.
Industrial real estate data points were choppy through last year, and that pattern continued into Q1 2026. Average NNN lease rates slipped to $1.47/SF from $1.52/SF the prior quarter, while vacancy climbed to 6.30% from 6.10%. Sale pricing softened to $310.51/SF, and cap rates compressed to 3.60%.
Despite the shifting data, LA – South Bay industrial real estate remains at a healthy vacancy rate that gives buyers and tenants more negotiating room on pricing terms. Government policy and tax changes are an emerging factor parties will need to account for when pricing properties for sale or lease.
| Market Indicators | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|
| 12 Mo. Net Absorption SF | (1,596,614) | 134,377 | (701,390) | (928,797) | 731,144 |
| Vacancy Rate | 6.30% | 6.10% | 6.00% | 5.90% | 5.10% |
| Avg NNN Asking Rate PSF | $1.47 | $1.52 | $1.48 | $1.54 | $1.61 |
| Sale Price PSF | $310.51 | $363.53 | $290.97 | $276.34 | $307.74 |
| Cap Rate | 3.60% | 1.00% | 6.40% | 5.20% | 5.60% |
| Under Construction SF | 641,548 | 454,216 | 374,081 | 848,775 | 1,482,407 |
| Inventory SF | 202,719,863 | 202,719,863 | 202,659,305 | 202,153,725 | 201,520,093 |
| Property | Size | Price | Buyer / Seller |
|---|---|---|---|
| 588 Crenshaw Boulevard, Torrance | 265,418 SF | $123.0M $463.42 PSF | Crenshaw Star, LLC / Link Logistics |
| 1855 W 139th Street, Gardena | 230,891 SF | $44.0M $190.57 PSF | Palisade Group / Terreno Realty |
| 800 S Anderson Avenue, Compton | 83,527 SF | $28.2M $337.39 PSF | Yuejie, Inc. / Aloha Freight Forwarders |
| Property | Size | Landlord | Tenant Industry |
|---|---|---|---|
| 2401 E Wardlow Road, Long Beach | 504,810 SF | Goodman | E-commerce |
| 1452 W Knox Street, Torrance | 442,550 SF | Prologis | 3rd-Party Logistics |
| 2333 E Pacifica Place, Rancho Dominguez | 111,769 SF | Rexford Industrial | Logistics |
Source: Lee & Associates Q1 2026 LA – South Bay Industrial Market Report, authored by Brandon Carrillo.
Industrial real estate stayed choppy in Q2 2026. Lease rates dipped again, from $1.47 to $1.43 PSF NNN ($17.64 to $17.40 NNN annually), while average sale prices climbed from $251 to $267 PSF — a divergence that suggests investors still see long-term value even as occupiers gain short-term leverage.
Pricing remains highly segmented by property specifics, and vacancy improved to 5.30% from 6.30% last quarter. LA/South Bay's relatively healthy vacancy rate keeps the door open for buyers and tenants to negotiate favorable terms, though new government policy and tax shifts are adding fresh uncertainty to how properties get priced.
| Market Indicators | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|---|
| 12 Mo. Net Absorption SF | 542,069 | (1,551,135) | 56,029 | (701,390) | (918,579) |
| Vacancy Rate | 5.30% | 6.30% | 6.10% | 6.00% | 5.90% |
| Avg NNN Asking Rate PSF | $17.40 | $17.64 | $18.24 | $17.76 | $18.48 |
| Sale Price PSF | $419.27 | $298.16 | $363.53 | $290.97 | $276.34 |
| Cap Rate | — | 3.60% | 1.00% | 6.40% | 5.20% |
| Under Construction SF | 759,556 | 763,079 | 575,747 | 495,612 | 848,775 |
| Inventory SF | 201,957,246 | 201,773,018 | 201,773,018 | 201,712,460 | 201,206,880 |
| Property | Size | Price | Buyer / Seller |
|---|---|---|---|
| 1920 E. Maple Avenue, El Segundo | 106,885 SF | $79.05M $739.58 PSF | Landmark Dividend / Link Logistics |
| 19801 S. Vermont Avenue, Torrance | 98,659 SF | $31.1M $315.23 PSF | Lift Partners / Terreno Realty |
| 20435 Tillman Avenue, Carson | 87,027 SF | $20.7M $237.91 PSF | BKM Capital Partners / DWS Group |
| Property | Size | Landlord | Tenant Industry |
|---|---|---|---|
| 20333 Normandie Avenue, Torrance | 512,490 SF | Morgan Stanley & Co. | Energy Technology |
| 2400 E. Artesia Boulevard, Long Beach | 415,312 SF | Kurv Industrial | Aerospace |
| 2161 E. Dominguez Street, Long Beach | 245,720 SF | Lakeshore Learning Materials | Consumer Products |
Source: Lee & Associates Q2 2026 LA – South Bay Industrial Market Report, authored by Brandon Carrillo.
Brandon works Long Beach and the South Bay day in and day out — backed by the resources of Lee & Associates, the largest broker-owned commercial real estate firm in North America.
Every office is independently owned and operated — local ownership, backed by a national platform.
Currently representing a 891,201 SF active lease portfolio and 1,296,389 SF in active sale listings across Long Beach and the surrounding submarkets.
Full, up-to-date inventory hosted on lee-associates.com
From ground-up construction to repositioned assets — deals at every stage.
Brandon Carrillo is a Principal at Lee & Associates Los Angeles – Long Beach, specializing in the sale and leasing of industrial, manufacturing, flex, and office properties across Long Beach and the surrounding submarkets. With more than 20 years of commercial real estate transaction experience, Brandon and his team close upwards of 50 lease and sale transactions every year.
His value-add approach and market depth have built a strong industry reputation across the full spectrum of real estate advisory — tenant representation, acquisitions, dispositions, and asset repositioning. Brandon joined Lee & Associates' Long Beach office in November 2009, after four years at the Charles Dunn Company, where he was a repeat Top 10 performer. He began his career at Shin Gin Rui Corporation, managing sales and marketing administration for its property management and maintenance divisions.
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