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)