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How OC is Set Up for Light Industrial

NEWPORT BEACH, CA—As an infill, localized-distribution option, Orange County is well positioned due to all its industrial inventory, population density and household income, CBRE’s Kurt Strasmann tells GlobeSt.com.

Kurt Strasmann Strasmann: “The difficulty is the high demand for industrial buildings from a variety of industries, but very limited vacancy.”

NEWPORT BEACH, CA— As an infill, localized-distribution option, Orange County is well positioned to meet demand for light-industrial space due to all its industrial inventory, population density and household income, CBRE’s senior managing director Kurt Strasmann tells GlobeSt.com. According to a recent report from the firm, the schematics of the e-commerce model has prompted a supply-chain arms race within the Greater Los Angeles/Orange County/Inland Empire region due the competitive advantage it will offer. In response, developers are attempting to cash in on the supply-chain opportunity by building more speculative light-industrial product in areas close to dense populations.

We spoke with Strasmann about the Orange County market in particular, focusing on the light-industrial supply in that market and whether it is prepared to meet the demand for this product type.

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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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