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Stock impact report

Tariffs chill Southern California's vast industrial property market [Yahoo! Finance]

Rexford Industrial Realty, Inc. (REXR) 
Last rexford industrial realty, inc. earnings: 2/11 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.rexfordindustrial.com
Company Research Source: Yahoo! Finance
the economic vitality of one of the world's largest industrial real estate markets. Leasing of buildings used to collect and distribute imported goods has slowed at least temporarily as businesses wait to see whether the tariffs take hold at their announced rates or ease through negotiations. President Trump on Wednesday temporarily backed down on his tariffs on most nations for 90 days, but raised his tax rate on Chinese imports to 125%. If tariffs cause imports to fall 25% as predicted by the Tax Foundation think tank, the result "would be severely negative for the industrial market" with rising vacancy and slowing of new construction, analyst Jesse Gundersheim said. Many business owners are hesitant to expand into new space because they don't know how tariffs are going to affect demand, he said. Among the imports that typically move through regional warehouses are electronic consumer goods such as televisions and computers, and apparel including clothes and shoes. "Are Show less Read more
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