Check out the latest Orange County market updates
Orange County’s red-hot industrial market suddenly has taken a breather. After reaching and exceeding historic pre-recession levels, rental rates for Orange County industrial space were flat in the second quarter. Leasing activity is off, averaging 13% fewer deals this year than in 2015 and 21% less than over the last five years. Absorption gained in…
DJM Capital Partners specializes in special properties. The company, which has a knack for acquiring and repositioning undervalued assets, has most recently focused on two oceanfront Orange County, California retail properties that encountered difficulties under previous owners. “We don’t do a lot of deals, but the deals we do typically have incredible value. The locations…
Continued strong demand for industrial space has reduced the already low inventory of vacant property by 25% over the last four quarters. Orange County’s industrial market has been among the nation’s tightest before and since the recession. Average asking rents jumped 12% year-over-year for the largest annual gain since 2010 and rent increases in some…
Even with continued demand and short supply of quality industrial buildings, values appear to be hovering at their highs – but perhaps only in the short term. As landlords and sellers continue to push values and rents, buildings appear to be staying on the market longer. The recent Fed decision to raise interest rates may…
For landlords and owner-users there was plenty to cheer about in 2015. For tenants, the squeeze is on as 2015 capped a three-year run of solid demand for industrial space, driving vacancies to lows not seen in more than a generation and triggering hefty increases in rental rates. More than 2.3 million sq. ft. of…
Touted as the “Twentieth Century Emancipation Proclamation for all persons with disabilities,” the Americans with Disabilities Act (ADA) is targeted at ensuring that persons with disabilities may participate in society absent restrictions. The ADA was passed in 1990 with the noble intention of eradicating, or at least minimizing, discrimination based on disabilities. The ADA is…
By Scott Lovell, Cushman & Wakefield | Commerce in Salt Lake City PORT AUTHORITY The Panama Canal is a 48-mile-long waterway that traverses the country of Panama, linking the Atlantic and Pacific oceans. The canal shaves off about 8,000 miles of travel around the tip of South America, significantly saving time and fuel for shipping…
By Jack Haley, Principal, Lee & Associates in Orange The Southern California Leading Economic Indicator is continuing its upward trend. It has been on the incline for more than four years since the last decrease in 2009. This suggests a rise in economic activity over the next six months that will continue the solid fundamentals…
CALIFORNIA CRE TRENDS COVERAGE Investors, lenders see golden opportunities in California’s commercial real estate market Investors have enthusiastically returned to California’s commercial real estate market, with lenders right behind them. That message came through loud and clear during the California Commercial Real Estate Trends conference, hosted by France Media’s InterFace Conference Group on Tuesday, Sept….
Demand for Orange County office space jumped again sharply for the second straight quarter, outpacing recent averages and adding renewed momentum to a market contending with uneven growth in key office jobs. Nearly 524,000 sq. ft. of space came off the market in the third quarter. Most of the absorption was in Class A space…
