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What’s Drawing Industrial Tenants to Temecula?

At this point in time, the market needs new industrial product, and the prospects for oversupply are not significant, at least during our development horizon, MCA Realty’s Tyler Mattox tells GlobeSt.com.

Tyler Mattox Mattox: “Industrial vacancy at the end of Q1 2017 was 1.79%, and there is currently very little new construction. This dynamic has been the appeal to us.”

TEMECULA, CA— At this point in time, the Temecula, CA, market needs new industrial product, and the prospects for oversupply are not significant, at least during our development horizon, MCA Realty principal Tyler Mattox tells GlobeSt.com. In May, the firm acquired an eight-acre land parcel in Temecula and plans to develop a 140,000-square-foot industrial building on the site, which broke ground on May 30. The development, which it will brand as MCA Business Center, will be the first industrial development built in the city of Temecula in more than eight years.

We spoke with Mattox about the Temecula industrial market and what is driving tenants to locate there.

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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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