A seismic shift—it could be small, it could be large—appears to be under way in Orange County, where the fault line between a booming industrial sector and a sagging office market can be found in what might be the nation's largest cluster of office-to-industrial conversions.
According to a Q1 market report from JLL, 17 properties encompassing 3.2M SF of office space are slated for office-to-industrial conversion in Orange County, part of a booming SoCal industrial market that as a region now has an industrial footprint of more than 2.3B SF.
Elevate @ Harbor in Santa Ana, comprised of two office properties, is being demolished to make way for proposed industrial facilities after being sold in February.
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