The Orange County industrial market vacancy has ticked up from around 3% to 4.5% in the past few months, as the economy stalls over consumer spending declines. This is still a historically tight market, and many companies are finding there may be only one or two buildings which suit their needs here in the O.C.
Leasing activity has picked up in the past few weeks, but sales have slowed down with buyers hoping for a mirror of the local residential price reductions. INDUSTRIAL BROKERS represents two quality buildings for lease: 27,000 SF at 3545 Cadillac, Costa Mesa and 53,264 SF at 20 Icon, Foothill Ranch. We are also aware of some great unlisted opportunities including a 75,000 SF Anaheim Stadium building which can be purchased at a below market price.
If you are looking for a building to lease email me at greg@ozimec.com or call directly at 949-646-2727.
Friday, August 8, 2008
Tuesday, January 29, 2008
California Commercial Loans Are in Great Shape
The California Mortgage Bankers Association reported today that only 4 commercial loans in the entire state have been reported as more than 30 days delinquent. Furthermore, not one of those 4 delinquent loans is for an industrial property.
Additionally, the interest rate for the SBA 504 loan program has dropped below 6% fixed for 20-25 years. These loans are available to borrowers who plan to occupy at least 51% of the building they purchase, and have a low down payment requirement of 10%.
If you have any questions about the value of your property, or available properties, call Greg Ozimec today at 949-646-2727 at Industrial Brokers in Newport Beach.
Additionally, the interest rate for the SBA 504 loan program has dropped below 6% fixed for 20-25 years. These loans are available to borrowers who plan to occupy at least 51% of the building they purchase, and have a low down payment requirement of 10%.
If you have any questions about the value of your property, or available properties, call Greg Ozimec today at 949-646-2727 at Industrial Brokers in Newport Beach.
Monday, January 21, 2008
2008: The Year Ahead-Low Interest Rates & Low Vacancy
January 21, 2008
INDUSTRIAL BROKERS
949-646-2727 PHONE
An interesting dichotomy has developed in Orange County commercial real estate. Industrial and Office Real Estate are heading in different directions. Industrial vacancy is around 4%, maintaining record high occupancy. On the other hand, office vacancy is rising to the 15%+ range. While this rising office vacancy is a concern, it is currently affecting mainly large buildings which housed the shrinking mortgage industry. Large floor plate, Class A buildings will likely see a drop in lease rates. The under 20,000 SF market will remain stronger, especially office buildings for sale to Orange County entrepreneur/owner-occupants.
Industrial real estate is experiencing its best days ever. Occupancy is high, lease rates are rising, and interest rates have fallen to 6% for SBA loans. This presents an incredible opportunity, even if you believe values may dip from these record highs. You can fix the largest component of your company's monthly occupancy cost for 20-25 years! When we go through inflationary times, and periods of high appreciation, your payment will remain level!
If you are interested in the value of your building on a sale or lease basis, or need to review options for relocation of your company, call me today at 949-646-2727.
INDUSTRIAL BROKERS
949-646-2727 PHONE
An interesting dichotomy has developed in Orange County commercial real estate. Industrial and Office Real Estate are heading in different directions. Industrial vacancy is around 4%, maintaining record high occupancy. On the other hand, office vacancy is rising to the 15%+ range. While this rising office vacancy is a concern, it is currently affecting mainly large buildings which housed the shrinking mortgage industry. Large floor plate, Class A buildings will likely see a drop in lease rates. The under 20,000 SF market will remain stronger, especially office buildings for sale to Orange County entrepreneur/owner-occupants.
Industrial real estate is experiencing its best days ever. Occupancy is high, lease rates are rising, and interest rates have fallen to 6% for SBA loans. This presents an incredible opportunity, even if you believe values may dip from these record highs. You can fix the largest component of your company's monthly occupancy cost for 20-25 years! When we go through inflationary times, and periods of high appreciation, your payment will remain level!
If you are interested in the value of your building on a sale or lease basis, or need to review options for relocation of your company, call me today at 949-646-2727.
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