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Strong demand for industrial space continued in the first quarter, pushing down the vacancy rate to 3.3% and lifting lease rates to new highs as competition intensified for a short supply of space. Net absorption in Q1 totaled 672,317 SF, the second highest quarterly total in five years. Countywide, tenant growth has totaled more than…

Upon turning 50 last month, I left my real estate brokerage firm of 21 years.  Call it a midlife crisis, but I was ready for a change—much like the rest of the world.  I’ve seen a lot of change, but I suspect the biggest change is coming.  Global disruptions—the Crash of 21, Bubonic Plague, World…

Despite the pandemic, Orange County posted the most annual tenant growth in five years as strong demand returned in the fourth quarter. Available space remained near historically low levels with the year-end vacancy rate settling at 3.5%. Fourth-quarter net absorption was 480,104 SF and totaled 941,872 SF for the year, reversing three straight years of…

Taxes and inflation are coming. Real estate has historically been a good hedge against inflation and with interest rates at levels never seen before, this might be an opportunity of a lifetime to acquire property. However, it is sobering to think how we, the taxpayers, will pay back the trillions of dollars of deb recently…

The sudden economic downturn brought on by the Covid-19 pandemic dramatically cut second-quarter leasing activity and deal volume to their lowest levels since the 2008-09 recession. Net absorption also fell into the red in Q2 as the vacancy rate ticked up 30 basis points to 3.5%. There were 367 lease deals in Q2, a nearly…

The economy seemed poised for a correction. It had been ten years since the last downturn and any catalyst would send us down again. This time it was a pandemic that started the collapse. Now with the highest unemployment rate ever recorded and with ongoing Covid-19 concerns, we are seeing the collapse in the form…

Demand for industrial space through March was the strongest of the last 15 quarters, pushing the vacancy rate down to 3.4% just as California, the nation and world were hit with the biggest health crisis in 100 years,throwing the global economy into reverse. Nearly 10 million U.S. workers, including 1 million Californians, sought initial jobless…

A changing consumer should spell another strong year for the net-lease industrial sector, particularly in the inland regions of the Western U.S. By Mollie Alteri, REBusinessOnline.com The single-tenant net lease industrial market had another tremendous year of activity in 2019. Preliminary figures tell us last year should look a lot like 2018’s record-setting levels of…

Despite healthy fourth-quarter growth from nearly 318,000 SF of net absorption, demand for Orange County industrial space in 2019 ended in negative territory for the third straight year and rents grew at their lowest rate in five years. Net absorption for the year was negative 1.26 million SF spread across the county’s four markets –…

Tenant demand for Orange County industrial space posted a slight overall gain in the third quarter. But asking lease rates have leveled off this year after increasing an average of about 5% annually for the previous three years. Following five straight quarters of negative absorption countywide, net absorption totaled 77,114 SF in Q3. But demand…