News

Despite healthy fourth-quarter growth from nearly 318,000 SF of net absorption, demand for Orange County industrial space in 2019 ended in negative territory for the third straight year and rents grew at their lowest rate in five years. Net absorption for the year was negative 1.26 million SF spread across the county’s four markets –…

Tenant demand for Orange County industrial space posted a slight overall gain in the third quarter. But asking lease rates have leveled off this year after increasing an average of about 5% annually for the previous three years. Following five straight quarters of negative absorption countywide, net absorption totaled 77,114 SF in Q3. But demand…

Online shopping and delivery models aren’t just for had and soft goods anymore. The dark horse bringing up the rear is one that has been embraced by pizza and Chinese restaurants long ago. It’s food delivery. Online food deliver was a $30 billion industry in 2017, accounting for 5 percent of a restaurant’s total sales,…

Easing overall demand for industrial space continued in the second quarter, pushing up the countywide vacancy rate to 3.9%, a percentage point more than a year ago and its highest in five years. Tenants shed 519,062 SF in the second quarter and 1,826,119 SF of space in the first half, the most since the recession….

Over the past decade, there has been a major focus on the Millennial generation regarding buying habits, behaviors and lifestyle. Though this data is still important, it is also time to start thinking about the next generation of influencers, Generation Z. The Millennial generation – currently composed of more than 70 million individuals born between…

Lease rates jumped a record 4.7% in the first quarter and gained 8.8% year over year for the largest quarterly and annual increases since the recession. At the same time, first-quarter demand for space posted its biggest threemonth decline in more than eight years, pushing up the countywide vacancy rate 70 basis points to 3.5%….

Demand for most Orange County industrial space was healthy in 2018, and vacancy rates ended another year in record low territory. But rent growth slowed and leasing activity was the lowest in a decade. The vacancy rate at 4% or less for 16 straight quarters has left executives with few choices and often none for…

Demand for industrial space ticked downward for the second straight quarter, continuing a slight easing that began last year. Despite the reduced activity, rents notched another healthy gain and vacancy rates settled at or near record lows countywide. Countywide net absorption was negative 679,507 sq. ft. in Q3. Over the last seven quarters, absorption is…

Demand for premium office space returned in the third quarter with four buildings opening their doors near the Irvine Spectrum at least 63% preleased. But the modest growth in the Class A market was overcome by another quarterly absorption loss in Class B space, which has led the overall market to its worst three quarters…

The mid-year vacancy rate for Orange County industrial buildings hit 2.4%, the lowest ever, and lease rates continued their record climb while more obsolete buildings making way for new development adds to the strain on the market. Average asking rents countywide are up more than 6% year over year with increases ranging from 2.5% in…