Joe Dimola Joe Dimola is a VP at JLL.

Industrial prices have reached record heights. According to new research from JLL, the average industrial price in Los Angeles County is $157.43 per square foot, an increase of 69/2% since 2013 and an increase of 17.34% year-over-over. More commonly, however, properties are trading upwards of $300 per square foot in the Los Angeles proper market. The pricing has yet to deter buyers, however, especially institutional players who are willing to pay top-dollar for quality assets in Los Angeles. We sat down with Joe Dimola, VP at JLL, to talk about the price increases and how it is impacting the investment market.