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Where is Multi-Tenant Industrial in North County?

SAN DIEGO—The market has seen a drastic change over the past year from both leasing and investment standpoints, Lee & Associates’ Isaac Little tells GlobeSt.com in this EXCLUSIVE look at the market.

Isaac Little Little: “If you own a multi-tenant industrial project and are considering selling, you should consider selling it now while the demand is here.”

SAN DIEGO—The multi-tenant industrial market in North County has seen a drastic change over the past year from both leasing and investment standpoints, Lee & Associates’ Isaac Little tells GlobeSt.com. Rapidly decreasing vacancy rates for small industrial space has caused asking lease rates to soar upward across North County, and the combination of rising lease rates and low vacancy rates is the number-one factor driving investors to purchase these highly sought after multi-tenant assets. We spoke exclusively with Little about changes in this market from both a leasing and investment perspective.

GlobeSt.com: What specifically has happened in the multi-tenant leasing market in North County over the past year?

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Carrie Rossenfeld

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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