I thought that due to the rise in e-commerce, we could buy these spaces and convert them into "last mile" storage facilities for online retailers.

They had mostly gone away after the crash and with the rise of BiggerPockets, I had hoped most would be gone for good. 

You could even have the rent rise after that date.

The thing no politician will talk about is that a big part of the unending rise in medical costs in the US has been driven by hospitals.

@Yashank Choksi, in general the consensus seems to be that prices likely won't rise dramatically over the next 12 months. 

Covering the Economy, Multifamily Real Estate, Rent Collections, Employment, Interest Rates & Stocks.ECONOMY:Staggering Rise in UnemploymentThe official unemployment rate stood at 14.7% in April but will likely rise to over 20% by the end of Q2.

If you look at bigger developers like Curoso, or anyone like him and find the places they are putting new developments into, you can buy around those places and generally have a pretty good expectation that the properties around them will rise in value because of it.

To rise above the crowd and get the higher incomes you need something more

In general CA isn't great for cash flow immediately but is good because rents tend to rise over time, insurance costs are relatively low, and property taxes remain low even as the property and rent increase in value.

Lumber prices will come down when demand eases as interest rates rise.