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Check out the latest Orange County market updates

Fearing And Loathing At The Retail Apocalypse

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…

OC’s Industrial Market Continues To Sizzle

OC Industrial Market California

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…

Short Supply Sends Lease Rates, Prices Soaring

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 multiple offers, regardless of size. Through the second quarter, average countywide lease rates climbed 9.5…

Demand Slows In Q1 But Rents Still Are Soaring

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 last eight quarters. More than 682,036 sq. ft. of space came back on the market…

Industrial Demand Shrugs Off Election-Year Uncertainty

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 last three-month period of 2016 closed with 631,549 sq. ft. of positive net absorption, pushing…