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 buyer and seller expectations.
Looking ahead to 2025, market activity is expected to increase. An increase in the vacancy rate signals a gradual softening in the market, which could provide clearer pricing signals and encourage more deal-making, particularly in the leasing sector. Extended time-on-market trends highlight increasing pressure on property owners and tenants to make strategic real estate decisions in the new year.
