18 Sep #CREPN 2 CRE Marketplace & Land Mines of Industrial & Warehouse Space w/ Allen Buchanan
Allen Buchanan[/caption] We discuss CRE Marketplace & Land Mines of Industrial & Warehouse Space with CREPN Guests: Allen C. Buchanan, shareholder at Lee & Associates. Allen is a Commercial Real Estate Broker, Industrial & Warehouse Distribution location specialist in Orange County, Southern California. [x_audio_embed][/x_audio_embed] Allen enjoys a client base of closely held ownership business including both property owners & tenants. The current Orange County CRE Industrial Marketplace of Orange County, California is experiencing a thirty-five year inventory low. Ninety-six percent occupancy makes it an Owners market, with no need to offer concessions. Demand is so strong, that owners have their pick of multiple eligible tenants. This is a dramatic change from 2008 when the market fell off a cliff. Since 2013, sales prices for Industrial Properties has increased nearly fifty percent, while lease rates have increased near fifteen percent.