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Orange County Industrial MarketView Insert Q4 2020

January 26, 2021

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  • The Orange County Industrial Market concluded the year strong, registering 2.8 million square feet of new user activity and positive absorption of 124,145 square feet in the fourth quarter.

 

  • Average asking rates closed out 2020 at $1.07 per sq. ft. despite initial setbacks from the pandemic.

 

  • The unemployment rate in Orange County was 6.4 percent in November 2020, down from a revised 7.3 percent in October 2020, and above the yearago estimate of 2.6 percent.

 

  • Large block distribution space continues to attract the most attention from users throughout the county, with eleven lease transactions and one user sale over 100,000 square feet.