Santa Ana Commercial Real Estate Market Highlights

Market Insights

Santa Ana, population 329,427, is an ideal location in Orange County due to its easy access to highways in the surrounding areas. Although this area has typically been a tight submarket, it has experienced an increase in vacancies due to the Royalty Carpet Mills shuttering in 2017. However, despite this event, it continues to see a steady and healthy increase in rent growth.

 

 

Industrial Specs

Inventory SF: 35 M

Under Construction SF: 0 K

12 Month Net Absorption SF: 93.8 K

Vacancy Rate: 2.7%

Asking Rent/SF: $1.02

12 Month Rent Growth: 5.7%

 

 

Fun Facts:

1.     Wells Fargo’s first office was in Santa Ana which opened in 1874.  (theNetLender – Santa Ana)

2.     Santa Ana is one of the youngest cities in the population, about 31% of its residents are less than 18 years old. (theNetLender – Santa Ana)

3.     Santa Ana is the 4th most densely populated city in the United States.  (theNetLender – Santa Ana)