Amazon's Long Beach lease

Amazon has leased the entire 504,810-square-foot Building One at Goodman Commerce Center in Long Beach. (theregistrysocal.com) (traded.co) The warehouse is at 2401 East Wardlow Road, next to Long Beach Airport, inside Goodman’s redevelopment of the former Boeing C-17 manufacturing site. (theregistrysocal.com) (commercialsearch.com) Goodman markets the building as 504,810 square feet on about 24 acres, with 40-foot clear heights, 61 dock positions, 89 trailer stalls and more than 11 acres of excess land for ancillary uses. (us.goodman.com) (commercialsearch.com) The site is built for truck-heavy distribution: it has a 240-foot truck court, two grade-level doors and direct access to the 405, 605 and 710 freeways. Goodman says the ports of Long Beach and Los Angeles are about eight miles away. (commercialsearch.com) (us.goodman.com) Traded reported the Amazon deal as the largest industrial lease recorded in Los Angeles County in the first quarter of 2026. Lease terms were not disclosed in the public reports surfaced this week. (traded.co) The timing stands out because the broader Los Angeles industrial market is still softening on price even as demand has started to stabilize. CBRE said Los Angeles posted 934,025 square feet of positive absorption in the first quarter, while vacancy rose to 5.4% and asking lease rates fell to $1.21 per square foot per month, triple net. (cbre.com) Colliers painted a similar regional picture across Greater Los Angeles: average asking rent fell for an eleventh straight quarter to $1.20 triple net, while Los Angeles County still posted 1.1 million square feet of positive demand. (colliers.com) That mix — softer rents, but active leasing for the best-located buildings — helps explain why a brand-new Long Beach facility could be absorbed in one full-building lease. The property opened in 2025 with LEED Gold certification after Goodman bought the larger former Boeing campus in 2019 for more than $200 million. (commercialsearch.com) The Long Beach campus has already drawn other large occupiers. Commercial Property Executive reported that Goodman retrofitted a separate 1.1 million-square-foot structure there for Relativity Space, tying the project to the city’s “Space Beach” industrial corridor. (commercialsearch.com) (us.goodman.com) For Amazon, the Long Beach lease adds another large Southern California logistics foothold at a site designed to move goods quickly from port and freeway to customer. (theregistrysocal.com) (us.goodman.com)