Westminster Commercial Real Estate Market Highlights

Market Insights

Industrial Specs

Inventory SF: 2.9 M

Under Construction SF: 0 K

12 Month Net Absorption SF: 2.5 K

Vacancy Rate: 0.8%

Asking Rent/SF: $1.13

12 Month Rent Growth: 5.9%



Fun Facts:

1.     Westminster’s roots date back to the 1800s, when it was founded by Reverend Lemuel P. Webber as the second Presbyterian temperance colony in Orange County (after Anaheim). (City of Westminster – California)

2.     In the 1970s and 1980s a large number of Vietnamese refugees fleeing from conflict in their homeland settled in an area of Westminster and Garden Grove referred to as “Little Saigon.” (City of Westminster – California)

3.     Well-established by the 1990s as a multicultural community with deep roots in Western, Mexican, and Vietnamese histories, in 1996 Westminster was designated an “All-America City” by the National Civic League for civic accomplishments, made possible by the cooperative efforts of business, government, the volunteer sector, and other individuals. (City of Westminster – California)