Why OC Industrial GDP Is So Consistent

Tomaselli: “The current theme of the Orange County industrial market is ‘Industrial is the new black.’”

IRVINE, CA—The industrial sector is often tied to growth in GDP, and because we are in a period of stable economic expansion, industrial GDP growth reflects this consistent overall growth, JLL senior managing director Louis Tomaselli tells GlobeSt.com.

A recent report from the frim shows that real industrial GDP growth in Orange County has been relatively stable for the last 10 years, varying from overall real GDP growth by less than 1 percentage point; it’s greatest difference reached only 5.5 percentage points. As a comparison, professional, technical and scientific services experienced a less-than-1-percentage-point difference only once during that period and reached a difference of 12.7 percentage points in 2008.