Industrial Sales on Track for Strong '16. Here's Why.
Industrial sales activity in Orange County will remain strong throughout 2016, predicts Voit Real Estate Service EVP and member of the board of directors Trent Walker, because there continues to be a sizable volume of capital flowing into the market from both private and institutional investors. "We're also beginning to see more industrial sale activity from non-industrial buyers," he says. "They're purchasing industrial product and converting it to fit their needs, a trend that will continue in 2016, further driving industrial sales."
Trent tells us pricing will also be a factor in sales activity in the coming year. "As pricing continues to inch higher, buyers will be even more motivated to move more quickly in acquiring new assets," he explains. "In 2016, we'll also see more unconventional deals than we've seen in the past, as brokers take more innovative approaches and buyers continue to find new options for space." Voit's been busy leading into next year, facilitating nine sales transactions for industrial properties in OC totaling about $50M just in the past eight weeks. Pictured: the 63k SF 3325 E La Palma Ave in Anaheim, which sold for more than $10M.