Lake Forest, population 83,240, Foothill Ranch, population 10,899, and Rancho Santa Margarita, population 48,969, are ideal locations in Orange County due to their abilities to provide easy access to highways in the surrounding areas. These submarkets have attracted a multitude of tenants in industries ranging from tech users in Applied Medical Research to industrial users in Kawasaki Motor Sports. Similarly to many of the other submarkets in Orange County, these areas continue to see steady and healthy increases in rent growth.

 

 

Industrial Specs

Inventory SF: 13.1 M

Under Construction SF: 0 K

12 Month Net Absorption SF: 15.8 K

Vacancy Rate: 2.6%

Asking Rent/SF: $1.16

12 Month Rent Growth: 5.3%

 

 

Fun Facts:

1.     Among the big businesses, Cox Communications and Kawasaki moved their headquarters to Lake Forest in 2016. (OC Register)

2.     Lake Forest continues to contract with the Orange County Sheriff’s Department, and in addition, held community workshops. (OC Register)

3.     The newly formed City of Rancho Santa Margarita incorporated on January 1, 2000 and became the 33rd City in the County of Orange. (Rancho Santa Margarita California)