Review the California real estate market’s performance in the third quarter of 2017 with Voit Real Estate Services’s indispensable Q3 2017 market reports.
Constantly Be Ready To Purchase
Each quarter, as our research reports are released, we have been releasing them to you, a business owner with pretty much the same message: the market is tight and it’s getting tighter, more expensive and more competitive every day.
It’s not our intention to rub it in, but it is the sad truth for businesses looking to buy or lease a building in Orange County or the Mid-Counties region of Los Angeles.
The attached report pretty much says the same thing as it did last quarter: good space is very hard to find, takes a long time to find it and it will be expensive to secure it.
These are facts that cannot be denied, though we always do our best for our tenant/buyer clients to secure the most favorable conditions.
Here are the hard facts:
- Vacancy is in the 2% range in both areas
- Most of the space that hits the market has elements of functional obsolescence
- You will not be the only tenant or buyer chasing the same deal
These are givens in today’s industrial market and those who accept that fact secure the best buildings at the best possible price and terms.
We invite you to read our colleague Adam Hill’s message on page 8 of the Orange County report because we could not be any clearer about the reality of today’s real estate market than he is.
Though he writes specifically about Orange County, his perspectives are just as true for the Mid-Counties region.
His message to the community is our message to you: always be looking and always be ready to literally pounce on the building that works for your business.
ORANGE COUNTY – INDUSTRIAL
This in-depth market report rounds up the performance of the Orange County industrial markets in the third quarter of 2017.
MID-COUNTIES – INDUSTRIAL
Download our fully-illustrated and graphed Q3 2017 report for the mid-counties industrial market via the button below.
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