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ORANGE COUNTY, CA – Voit Real Estate Services has completed nine
sale transactions for industrial properties in Orange County, California
totaling approximately $50 million in the past eight weeks.
The transactions encompass
industrial sales in Anaheim, Buena Park, Garden Grove, Huntington Beach, Santa
Ana, and Westminster.
“The Orange County
industrial market is tremendously active, and we anticipate that the pace of
industrial activity will continue to increase as 2016 comes to a close,” says Trent Walker, an Executive Vice
President and board member for Voit Real Estate Services.
“Demand for industrial product continues to
outpace supply, motivating buyers to move more quickly, and giving sellers the
opportunity to stretch for premium prices.”
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| Trent Walker |
Walker notes that
creativity will be essential in order to maintain the pace of industrial
activity over the next 12 to 18 months.
“The market is extremely
tight, and the lack of supply coupled with a continued increase in prices will
put pressure on industrial investors, owner/users, and tenants, as well as
brokers,” he explains.
“As a result, brokers will become even more
nimble and creative, while industrial buyers and tenants will become
increasingly innovative in their approach to industrial space.”
For a complete copy of the company’s news release,
please contact:
Lexi Astfalk / Jenn Quader
Brower, Miller & Cole
(949) 955-7940
