Orange County industrial real estate market reports

Q4 2023

The Orange County industrial market has cooled just like neighboring Los Angeles and Inland Empire markets. Deliveries in the fourth quarter along with occupiers slow to transact have pushed vacancies upward.

0.1%

Net absorption

Net absorption reported positive in the fourth quarter as occupiers who leased space in 2Q 2023 and 3Q2023 began to move into their spaces.

$1.70 psf

Asking rates

Average asking rates have ticked up slightly compared to last quarter.

3.7%

Vacancies

Total vacancies continue to pick up for the Orange County Industrial market. Occupiers continue to shed any unused space.

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