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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…

With the countywide average vacancy rate falling to 2.4% in the first quarter, available industrial space has never been in shorter supply. In the North County market, the first-quarter vacancy rate fell to 1.5%. Of the county’s 8,310 industrial buildings totaling 276.9 million sq. ft., about 200 are vacant and an additional 250 are listed…

Written By George C. Larsen, Partner, Larsen Baker Development, Brokerage & Management Published by Western Real Estate Business – January 2018 Try this truth/false quiz: 1. (T/F) In June, Warren Buffet announced, “The Death of Retail as We Know It.” 2. (T/F) This spring, the Wall Street Journal reported the “Mall of Future Will Have…

Countywide average lease rates – already in record territory – soared 10.5% in 2017, punctuating a strong seven-year recovery that has driven up rents 48% while pushing vacancy rates to historic lows and sale prices to new highs. The overall vacancy rate held steady in the second half of 2017 at 2.7%, according to Lee…

By Byron Foss, Executive Vice President, JLL The Orange County industrial market remains one of the tightest markets in the region with 1.7 percent vacancy, 6.6 percent year-over-year rent growth, minimal new development, and owner-users and tenants competing for space. While the third quarter witnessed negative net absorption of 92,790 square feet, this was primarily…

After easing in the first half of the year, overall demand resumed in the third quarter for Orange County industrial space, keeping vacancy rates in record low territory while fueling the surge in lease rates as the long economic recovery continues. Net absorption countywide totaled 190,167 sq. ft., in the quarterly Lee & Associates survey,…