Irvine Industrial and Warehouse Rental Market
Irvine, CA is located by John Wayne Airport area of Orange County, borderline South County, close to cities such as Costa Mesa, Fountain Valley, Newport Beach, Santa Ana, Lake Forest, and Tustin. The Industrial Rental Market in Irvine is about 11.8 million square feet of industrial space, and has 686,022 square feet available for rent as of Q3 2018. Finding Industrial space to lease in Irvine is tough, and is reported to have a low vacancy rate of 1.44%. However, availability for Industrial space in Irvine Spectrum is much higher, which is reported to have a 7.28% vacancy rate and 1.3 million square feet available for lease. Renting Industrial space close to the Irvine Spectrum is pricier than other properties in Irvine — leasing industrial space in Irvine is $0.83 psf and spaces by the Irvine Spectrum are on average to $0.93 psf. Popular markets in Orange County include Anaheim, Buena Park, La Habra, Fullerton, and Huntington Beach.