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Absorption of Industrial Product Positive for Third Straight Year

ORANGE COUNTY, CA-The latest survey of the county's industrial market by Voit Commercial Brokerage shows a healthy market with six million sf absorbed and availability hitting a record low for the county in the fourth quarter.

By Joel Cone | Updated on January 03, 2001

ORANGE COUNTY, CA-A newly released report of the county’s industrial market reveals that the market continued to be healthy, with positive absorption continuing for the third straight year. In all, there has been roughly six million sf of industrial space absorbed for the year, a local analyst says.

Along with the positive absorption, availability of all product types has gone down 40% for the year; with the availability rate declining in the fourth quarter to 4.91%, a record quarterly low for the county. Additionally, Voit Commerical Brokerage’s 4th Quarter 2000 Industrial Survey showed a decrease in availability across all submarkets of the county for three consecutive quarters, says Jerry Holdner, VP of market Research for Voit and author of the survey.

The county’s inventory between the fourth quarter 2000 and the same quarter a year earlier grew 9.5 million sf–twice as much new inventory as in the office sector–for a modest 3.6% increase. Product under construction dropped by 55% in the fourth quarter from 3.6 million sf in the last quarter of 1999 to 1.6 million sf at year’s end 2000. Planned construction was up 28% for the year

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