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Available Industrial Space Shrinks to Record Low, New Report Says

ORANGE COUNTY, CA--Third-quarter activity report from Voit Commercial Brokerage shows equilibrium between supply and demand for industrial product in the county. Availability of product is at a 10-year low.

By Joel Cone | Updated on October 20, 2000

ORANGE COUNTY, CA–The amount of available industrial space declined in all areas of the county between the second and third quarters of the year. A report by Voit Commercial Brokerage shows an overall availability rate of 5.42% in the last quarter, down from 6.52% in the previous quarter.

“It was a new record low on available property in the last 10 years,” says Jerry Holdner, report author and VP of market research for Voit. “South county has the biggest dip in available product in the past six months.”

Similar to the office market, Holdner notes that supply and demand for industrial space are in check. A lot of new product that came on the market during the period was absorbed with the increase in business startups and expansions thoughout the county.

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