Orange County chart of the week
- The direct average asking rent in Orange County has increased 43.4 percent since the end of 2010 and 12.7 percent in 2016.
- In Q3 2016, vacancy set a record low as demand for industrial space remains strong. Since the start of 2012, the market has recorded positive net absorption of 9.9 million square feet.
- Landlords are leveraging the high demand and low availability to raise rents as tenants compete over the limited number of space options.
Source: JLL Research
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