Industrial

Given the continued strength of the San Francisco residential market, despite COVID, Allrise envisions the creation of several multi-purpose buildings comprised of more than 800 residential units in the next several years.

According to StorageCafé, the cities with the highest self storage square footage are in Texas, with Austin, Houston, Dallas-Fort Worth and San Antonio all offering more than 9 square feet per capita.

The market had 2.5 million square feet in net absorption in the third quarter, driven by increased ecommerce spending.

There is currently nearly 40 million square feet of commercial property space under construction, hitting volumes not seen in decades.

Demand has been higher for industrial assets above 75,000 square feet, but the demand wasn't enough to generate positive absorption in Orange County last quarter.

While owners haven't been forced to sell like they were during the Global Financial Crisis, income challenges may prompt dispositions in some sectors.

Mirroring the presidential election, Prop 15 was a tight race, and while votes are still being counted, it looks like the no's have it.

In the third quarter, industrial leasing activity in Orange County increased to levels not seen since 2014.