Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Orange County’s industrial vacancy rate is falling fast. According to recent research from NAI Capital, the market beat Los Angeles in rental rate growth last year. Like Los Angeles, Orange County’s biggest challenge has become land, as in there isn’t any for new industrial supply. The dearth of land has helped to fuel industrial rates, but with new options for development, David Knowlton, EVP at NAI Capital, says that redevelopment is going to be the best way to bring “new” product to the market.

“There is a lot of older industrial stock in Orange County, some of which is functionally obsolete and was built in 1960s and 1970s,” Knowlton tells GlobeSt.com. “Those are going to be the development opportunities going forward in Orange County. Everyone is scouring for those opportunities. They are looking to tear down that product and start over.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

More from this author


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.