How's Business? How About 6 Offers on 1 Building!

The Industrial real estate market in Orange County continues to defy Newton's Law of Gravity. Record low vacancy, lack of land for new development and strong employment have led to record high lease rates. When John Taylor, a long time client, and the original Owner of a 40 year old Santa Ana 7,000 SF building, called to say his Tenant had vacated unexpectedly, I was able to let him know that the current increased market rents would balance his lost rent. The offers started rolling in before he completed a needed renovation. He was understandably selective, and we had to scrutinize the financial statements and business prospects of several potential tenants early on during a 90 day marketing period. Mr. Taylor's patience finally paid off with three more offers the week before Thanksgiving. This week we finalized a Lease to Mission Landscape Services, in business since the 1970's, with an impressive client list that includes The Irvine Company.

This Landlord's experience not only illustrates the strength of the Industrial lease market, it also demonstrates INDUSTRIAL BROKERS commitment to providing the same dedicated service to a 7,000 SF building owner's vacancy, as we do for our clients with 100,000 SF buildings. Call me today at 949-646-2727 to touch base or get information to help you make the right decision in the O.C. Industrial property market.