2021 Q2 Orange County Industrial Research Report

The Orange County industrial market closed out the first quarter with 1.0 MSF of positive net a absorption, as average asking rent increased by $0.05 to $1.08 NNN PSF per month. With total gross activity at 4.5 MSF, the region recorded one of its most active quarters in almost a decade. There are currently two projects under construction totaling 351,101 SF and over 1 MSF ready to break ground, bringing much-needed supply to an already supply-constrained market. With all markets in greater Los Angles hitting record-low vacancy rates and a scarce supply of high clear and dock high loading facilities, Orange County will see a lot of competition for Class A industrial facilities.