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Voit: Industrial Market Sets High Marks

IRVINE, CA—According to the firm's Q2 report, the market reach a vacancy low, and recorded the highest asking prices ever.

By David Phillips | Updated on July 06, 2015

IRVINE, CA—The Orange County industrial market took significant strides toward continued improvement in the second quarter of 2015 with the lowest vacancy level and the highest asking sale price recorded in 20 years, according to a new Second Quarter Market Report from Voit Real Estate Services.

The average asking sales price in the second quarter of 2015 was $183.06 per square foot, three dollars and thirty-one cents higher than the previous quarter and up 17.5% when compared to 2014′s second quarter rate. Posting a new record high, the previous record high asking price of $181.23 was established in the third quarter of 2007, the report shows.

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