Orange County Industrial Market Outlook 4Q 2017
The Orange County industrial market ended 2017 with record high rentsand low vacancy. Asking rents averaged $0.84/SF, up 2.4% from the prior quarter and up 12.0% from last year. Vacancy hit one of the lowest rates on record, ending the quarter at 2.5%. Lack of land for development continues to limit construction.
The Orange County industrial market will remain extremely tight in 2018 as demand continues to outpace supply.