Three quarters of 2022 saw lowered vacancy and increased asking rent for industrial listings compared to previous quarters. With an average vacancy of less than 2% and an average monthly rent of $1.45/SF, Orange County’s industrial market remains among the most competitive commercial markets compared to Los Angeles and the Inland Empire (CoStar).
Market Trends in Industrial Property 2022 — Prospective Industrial Tenants Be Aware
Nov 23, 2022 9:40:21 AM / by Julie Nguyen posted in Commercial Real Estate, Education, Resources, Industrial
Usable vs. Rentable Space — Why it Matters
Jun 29, 2022 10:00:00 AM / by Julie Nguyen posted in Commercial Real Estate, Resources
For tenants seeking office space, it is important to distinguish between common terms used to determine square footage. You’ll often come across different terms describing the square footage, such as gross square footage, usable square footage, or rentable square footage.
Go for a Broker — Why You Should Reach Out to a Commercial Broker
May 23, 2022 9:00:00 AM / by Julie Nguyen posted in Commercial Real Estate, Resources
Transitioning your business into a new space is often a difficult endeavor, from finding the right space, to negotiating lease terms; however, finding the right broker to represent you proves a much easier feat. The right broker can help you save time and money in searching for the ideal property for your business.
Leasing vs. Buying Commercial Property — What to Consider as a Business Owner
May 10, 2022 9:00:00 AM / by Julie Nguyen posted in Commercial Real Estate, Leasing Commercial Real Estate, Buying Commercial Real Estate, Resources
When seeking the right space to house your business, location, property type, and price per square foot are among the most important factors to consider. While these factors are critical in ensuring a successful business, it is equally as important to examine whether you should lease or buy your own commercial real estate space.