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Demand Keeps OC Industrial Market Steady

ORANGE COUNTY, CA-As the lack of new construction keeps demand for industrial product high in Orange County, the region's industrial market has remained fairly stable, according to a recently released report by Voit Commercial Brokerage.

By Erin Cassin | Updated on July 09, 2001

ORANGE COUNTY, CA-Although the county’s industrial market has experienced a negative net absorption of 1.3 million sf for the first half of 2001, the market remains fairly stable, according to a recently released report by Voit Commercial Brokerage.

The lack of construction in Orange County is one of the main factors contributing to a stable industrial market, according to Jerry Holdner, vice president of market research for Voit. There were three million sf of space under construction in the second quarter of 2001, a 27% decrease from the second quarter of last year. “The slowdown in construction should keep supply in check,” Holdner says. “I foresee the market staying pretty steady through the end of the year.”

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