Orange County industrial real estate market reports
Q1 2024
The Orange County industrial market has cooled just like neighboring Los Angeles and Inland Empire markets. Leasing activity remains quiet, vacancies are trending up, and rental rates have seen a slight decline as of late. Despite these challenges, the industrial market remains tight when compared to neighboring markets. Additionally, there have been significant new developments that are underway, with over 1.3 msf currently under construction, indicating ongoing investment and development activity in the region.
Net absorption
Net absorption reported negative in Q1 as the market continues to soften and many occupiers have decided to relinquish any unused space.
Asking rates
Average asking rates have declined slightly. Landlords are no longer pushing rents higher due to the decline in activity.
Vacancies
Total vacancies continue to pick up in Orange County. Vacancies may continue to rise as new developments reach completion in 2024.
Your source for the latest Orange County industrial real estate reports
Stay on top of current trends affecting the industrial real estate sector in Orange County. Gain an overall better understanding of Orange County's industrial real estate market conditions, so you can better formulate strategies to overcome any obstacle and know how to best invest in industrial real estate in Orange County.
Here, you’ll always find the latest industrial real estate market news so you can stay ahead. Come back often to see expert insights on the current and future of Orange County industrial real estate market.