Q421 Industrial Market Report

As 2021 drew to a close, the Orange County industrial market maintain a low vacancy with a continued high rent growth, which are among the highest of all major markets in the country. The average rent of $1.32/SF per month is above nearby Los Angeles and substantially higher than Inland Empire, which has a greater percentage of newer inventory.

The few large blocks that become available in Orange County get leased quickly. With a minimal amount of new inventory being delivered overt recent years, developers have taken notice and are planning logistics-oriented infill projects to accommodate the demands of the market.

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