News

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…

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…

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.”…

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…

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.…

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…

The last big enthusiastic buyer, China, is leaving the party. Commercial real estate, such as office and apartment towers, in trophy cities in the US and Europe, has been among the favorite items on the long and eclectic shopping lists…

Strong demand and the record-low supply of available industrial space are combining to drive up lease rates at a torrid pace with second-quarter average asking rents jumping 4.5 percent over Q1. Virtually every building for lease or sale is drawing…

Net absorption stumbled in the first quarter, posting its biggest three-month loss in seven years. But vacancy rates remained in record-low territory with the market’s momentum reflected in skyrocketing rents that have jumped an average of 16 percent in the…

Despite a greater than expected drop in leasing activity in the fourth quarter of 2016, demand for space remained strong enough to drive down the industrial vacancy rate deeper into record territory in each of the county’s four submarkets. The…