Quarterly Report

Orange County industrial leasing vacancy rates rose to 6.1%, up from 4.1% a year ago, providing a bit more opportunity for tenants who had previously faced limited options. Time on market has increased and decision-making time is extending. That said, we are still closing leases, especially for properties that are well-located and well-priced. On the…

The Orange County industrial real estate market ended 2024 on a steady note, with sale prices and lease rates remaining relatively flat following previous years of rapid growth. Decision-making slowed as property owners and businesses adopted a “wait-and-see” approach, influenced by shifting macroeconomic conditions, the anticipation of the presidential election results, and a gap between…