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IRVINE, CA-With a dearth of industrial properties available for sale and vacancy rates continuing to tighten, as GlobeSt.com previously reported, this sector is experiencing high demand in Orange County. In fact, competition for properties has become so fierce that “the result in some situations in a competition between users, institutional investors and 1031-exchange buyers for the same property,” Mark Read, EVP for Voit Real Estate Services here, tells GlobeSt.com. “Definitely a seller’s market.”

Read says at a recent SoCal industrial market overview, his firm’s industrial professionals and research department predicted that sale prices would increase by more than 10% per year for the next few years. “Industrial rental rates will see a 5% to 8% annual increase over the same time frame,” he adds.

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