TAKEAWAYS
- Demand and new construction deliveries in the Orange County industrial market remain strong as net absorption recorded 1.3 million square feet (msf) in the fourth quarter, marking a historic high.
- Vacancy reached an all-time low of 1.6%, a 60-basis-point drop from one quarter ago and will likely stabilize in 2023 as market conditions begin to cool.
- This quarter’s top move-ins occurred at two buildings that recently delivered. Samsung Electronics moved into 1.0 MSF at 2099-2289 Orangethorpe Avenue and Cambro Manufacturing moved into 433,865 SF at 14851 Delta Lane.