Thursday, April 5, 2012

Manufacturing in O.C. best in 8 years - Handling Hard Times : The Orange County Register

I provide location advice to owners and occupants of industrial buildings in southern California. These industrial buildings appeal to manufacturers and distributors. The OC Register article below highlights some good news on manufacturing in Orange county.

According to the article by Mary Ann Milbourn, "Orange County factories are revving up with local manufacturers expecting business to be the best since the first quarter of 2004, according to Chapman University’s quarterly survey of purchasing managers. Manufacturing statewide is also expected to jump."...
You can read the entire article by clicking on the link: Manufacturing in O.C. best in 8 years - Handling Hard Times : The Orange County Register

According to Jonathan Lasner of the Orange County Register, "Orange County's factories -- the long-suffering hubs of fabricating tangible things -- are enjoying the relatively best times in a decade or so.
Despite what many think, Orange County is not just for a place for careers in pencil pushing, theme-park running, product selling, real estate trading -- and medicine. We may not have the high smokestacks or the glow of old-school mill production, but manufacturing in Orange County is still a significant economic force...

You can read the entire article by clicking on the link: http://www.ocregister.com/articles/local-348043-year-factory.html
We have noticed the pace of activity increase within our office as well. The challenge in this part of the cycle is the availability of alternatives...vacant buildings. Every day we battle the shortage of manufacturing buildings that are suitable for the needs of today's manufacturing companies...power, sufficient office, loading, owner motivation, etc. While our inventory has experienced "net absorption" over the last year...fewer on the market..., the demand for "quality" options has increased. We expect to see rent growth at the end of this year...some size ranges have already seen this occur.