The Industrial Ecosystem\u2019s Economic Contributions to Southern California<\/a>, examines the critical role of industrial real estate in Southern California\u2019s economy.
\n Findings revealed that industrial real estate is a cornerstone of Southern California\u2019s
\n economic engine, leading to a downstream effect of stable employment, economic output,
\n resilient supply-chain infrastructure, and regional competitiveness across Los Angeles,
\n Orange, Riverside, and San Bernardino counties.\u00a0<\/p>\nIndustrial-zoned land in the aforementioned counties function as part of an interconnected
\n regional system, the study noted, which links a myriad of ports, transportation networks,
\n manufacturing, distribution centers, retailers, and consumer markets. Findings further
\n signal that decisions to replace, reduce, or convert industrial uses can cause great
\n harm as a whole to regional economies, jobs, and the supply chain.\u00a0<\/p>\n
Furthermore, the study found that industrial and flex properties support approximately
\n 1.45 million jobs and contribute roughly $196 billion to regional GDP. Considering
\n that land-use decisions made today will shape Southern California\u2019s economic capacity
\n for decades to come, Pepperdine and Beacon researchers point to these findings as
\n a clear warning to policymakers that legislation reducing industrial land capacity
\n threatens long-term economic growth. \u00a0<\/p>\n
\u201cThe overall cost of converting industrial land rarely shows up in any single transaction
\n or its taxes,” said Christopher Thornberg, Beacon Economics founding partner. “It
\n accrues to the regional economy as a whole, impacting supplier networks and labor
\n pools that can’t be reassembled once they’re gone. The economy-wide value of industrial
\n real estate goes far beyond what any parcel-level valuation ever captures.\u201d<\/p>\n
Beacon Economics is one of California\u2019s leading independent economic research and
\n consulting firms, providing analysis on economic trends, labor markets, housing, public
\n finance, and regional development. This research paper is one of a three-part series
\n led by Beacon Economics and Pepperdine SPP to examine critical policy issues affecting
\n communities throughout the state.<\/p>\n
In sum, the current industrial space report represents the latest milestone in the
\n growing relationship between the Pepperdine SPP and Beacon Economics as both organizations
\n continue to advance research that informs and promotes constructive public policy
\n discussions across California.<\/p>\n","protected":false},"excerpt":{"rendered":"The Pepperdine School of Public Policy (SPP) has received a $100,000 grant from the Arthur N. Rupe Foundation…\n","protected":false},"author":2,"featured_media":372226,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[7,9,8],"class_list":["post-372225","post","type-post","status-publish","format-standard","has-post-thumbnail","category-california","tag-california","tag-california-headlines","tag-california-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/372225","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=372225"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/372225\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/372226"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=372225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=372225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=372225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}