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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…

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…