Friday, August 8, 2008

Industrial Market Mid-Summer update

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.