Orange County Industrial MarketView Insert Q4 2019

January 15, 2020

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  • The average asking lease rate ended the year above $1.00 per sq. ft. for this first time in the history of the OC industrial market.
  • Vacancy fell to 1.5%, a decrease of 80 bps quarter over quarter and a decrease of 20 bps year over year.
  • Gross activity totaled 4.3 million sq. ft. in Q4 2019, an increase of 2.2 million sq. ft. quarter over quarter and an increase of 1.9 million sq. ft. year over year.