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Why OC Industrial GDP Is So Consistent

The industrial sector is often tied to growth in GDP, and because we are in a period of stable economic expansion, industrial GDP growth reflects this consistent overall growth, JLL’s Louis Tomaselli tells GlobeSt.com.

Louis Tomaselli Tomaselli: “The current theme of the Orange County industrial market is ‘Industrial is the new black.’”

IRVINE, CA—The industrial sector is often tied to growth in GDP, and because we are in a period of stable economic expansion, industrial GDP growth reflects this consistent overall growth, JLL senior managing director Louis Tomaselli tells GlobeSt.com.

A recent report from the frim shows that real industrial GDP growth in Orange County has been relatively stable for the last 10 years, varying from overall real GDP growth by less than 1 percentage point; it’s greatest difference reached only 5.5 percentage points. As a comparison, professional, technical and scientific services experienced a less-than-1-percentage-point difference only once during that period and reached a difference of 12.7 percentage points in 2008.

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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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