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)