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Rick Turner Turner: “There are solutions out there for each company—it just takes a bit of time to find them.”

NEWPORT BEACH, CA—A majority of industrial tenants seeking expansions are doing so by relocating, since the Orange County industrial market has reached a tremendously low vacancy rate of 2.6%, DAUM Commercial Real Estate Services’ senior associate Rick Turner tells GlobeSt.com. Turner recently represented the lessee, a medical-device-testing company, in the 10-year lease of a 33,324-square-foot, freestanding industrial building in Irvine, CA. The tenant is relocating from a 16,000-square-foot space in Fountain Valley directed, doubling its footprint in Orange County.

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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