The City of Industry contains a base of industrial inventory of 155 million square feet, and an overall vacancy rate below 6%. Historically, the Industry market has been known as a reasonably priced market, but is quickly growing into a prime office and retail location, offering excellent freeway accessibility, close proximity to downtown Los Angeles and two major airports, as well as a diverse labor pool. City of Industry is home to over 2,500 businesses, employing more than 80,000 people.