Chinese 3PLs are increasingly leasing space in the Inland Empire, Orange County, and LA County due to the growth of manufacturing in China and the need for storage and distribution in the US. Despite initial concerns about the financial stability of these companies, many have honored their commitments and even received security deposit refunds. Landlords have become more flexible in underwriting credit for these tenants. Tenant representation for Chinese 3PLs often involves providing full client service support and coordinating with various vendors for services such as office design, security, IT, and signage. The language barrier and time zone difference can be overcome through effective communication and daily interaction. Relocating can be challenging and time-consuming, requiring careful coordination and project management.

 

Key Takeaways

• Chinese 3PLs are leasing space in the Inland Empire, Orange County, and LA County due to the growth of manufacturing in China.
• Despite initial concerns, many Chinese 3PLs have honored their commitments and received security deposit refunds.
• Landlords have become more flexible in underwriting credit for Chinese 3PLs.
• Tenant representation for Chinese 3PLs involves providing full client service support and coordinating with various vendors.
• Effective communication and daily interaction can overcome the language barrier and time zone difference.
• Relocating can be challenging and time-consuming, requiring careful coordination and project management.

Chapters

00:00 - Rise of Chinese 3PLs in Southern California 01:43 - Financial Stability and Lease Terms of Chinese 3PLs 02:21 - Impact of COVID-19 on Chinese 3PLs 05:00 - Full Client Service Support for Chinese 3PLs 06:26 - Overcoming Language Barrier and Time Zone Difference 07:18 - Challenges and Coordination in Relocating for Chinese 3PLs

 

Episode Resources

Connect with Chris Vassilian

• https://www.linkedin.com/in/chris-vassilian/

Connect with Justin Smith

• https://smithcre.com/
• https://www.lee-associates.com/
• [email protected]
• https://www.linkedin.com/in/justinbsmith