Industrial property prices have soared to levels that no one thought possible in the last several years.

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The Orange County industrial market, along with the rest of Southern California, continues to experience unprecedented demand driven by a number of factors which have positively impacted the market.

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Chris Thornberg, PhD of Beacon Economics, was the keynote speaker at the Voit Real Estate Services’ 2022 Economic Forecast & Market Trends Event.

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Wow, what a rollercoaster of a year! 2021 was anything but boring or predictable. At times painful, at times scary, it was a year of upheaval on the economic front, as governments at all levels made bold moves to quiet the pandemic. We probably won’t know for a while whether the response was effective, but the business community found a way to make the best of a miserable situation.

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If your business is like most others, the cost of your facilities is one of your largest expense line items. So, it is important to make sure that you do everything possible to control that cost whether you own or lease your space because the impact on your bottom line is outsized in comparison to most of your other expenses. 

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