While many of projects are moving forward in the COVID era, some construction alterations will be required on others, says Brian Nold, Adolfson & Peterson's director of mechanical, electric and plumbing.

The firm plans to deploy $350 million to $500 million over the next five years in both acquisition and development.

The Orange County industrial market has seen strong demand for large blocks of space, but spaces less that 50,000 square feet have struggled.

"It's that layer of translation between what you've done to what it means for you that I think a lot of landlords are currently missing."