• Two big-box retail buildings became available for industrial users to lease in Q2 2019, adding approximately 182,000 sq. ft. of much needed space to the tight Orange County market.
  • Bullish institutional owners have been pushing 4% annual rent increases in order to stay in line with rent growth in Orange County.
  • Occupancy gains and increased activity in Q2 2019 helped push the average asking lease rate to $0.94 per sq. ft., an increase of 3.3% year over year.