Thank you for sharing!

Your article was successfully shared with the contacts you provided.
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.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

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.

More from this author

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


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 © 2021 ALM Media Properties, LLC. All Rights Reserved.