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Check out the latest Orange County market updates

Rents Up Again, But Absorption Eases As Resistance Creeps Into Market

Airport Orange County

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…

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…