Orange County’s industrial sector is navigating a challenging landscape as new supply is completed amid a period of contracting demand. Deliveries are projected to reach nearly 2 million square feet in 2025, approaching the 20-year high of 2.5 million square feet in 2023. With 80% of the space completed in 2025 or under construction available for lease, owners are offering concessions and cutting rents to attract tenants.
Orange County industrial construction rolls on
Developers push ahead despite weak demand and falling rents
CoStar Analytics
December 19, 2025 | 8:46 P.M.
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