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Activity Cools in OC Industrial Sector

ORANGE COUNTY, CA-Activity in the county's industrial sector has slowed dramatically over the past year, according to new research by Colliers Seeley. This year's third quarter wrapped up with a mere 2.7-million sf in sales and leasing activity, as compared to 5.7-million sf for the same period in 2000.

By Erin Cassin | Updated on November 27, 2001

ORANGE COUNTY, CA-Demand for Orange County’s industrial space has lagged significantly in recent months, according to a recent report by Colliers Seeley. The firm’s researchers attribute the cooling in demand to the slowdown in the national economy and the aftermath of the Sept.11 attacks.

“Firms have apparently anticipated a slowing in the economy and have decided to temporarily postpone any space expansion until they feel more secure about their economic future,” the Colliers Seeley report says. Sales and leasing activity in third quarter 2001 decreased to 2.7 million sf from 3 million sf last quarter.

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