Voit Real Estate Services

Josh West, SIOR, and Brian Mulvaney, SIOR, CCIM, completed two leases totaling $1,090,301 in consideration on 10,279 SF of industrial space. Nice work by the San Diego team, which represented the landlord in a tenant’s renewal and expansion into an adjacent suite. #VoitRealEstate #VoitSanDiego #CREBroker #RealEstate #CommercialRealEstate #SocalRealEstate #CommercialLease #Industrial #LandlordRepresentation #SIOR #SIORGlobal #CCIM

Southern California’s industrial market is moving in two directions at once. Smaller buildings remain tight across most markets, while larger facilities face more competition for tenants, and the gap is shaping deals across the region. The national leasing momentum in older, larger warehouses over 500,000 square feet extends to the SoCal market. “An older industrial building in a superior location, with the right functionality, can be more valuable than a newer building that doesn’t meet the needs of users,” writes Tom Terry, Vice President in the Anaheim office, in his analysis of the Orange County market. “In Orange County, where land is limited and well-located industrial properties are difficult to replace, those fundamentals matter.” In the Inland Empire, construction has slowed sharply and leasing has picked up, and Voit Real Estate Services’ Ryan Clayton cautions that today’s tenant-friendly terms may not last. Los Angeles and Orange County continue to post the lowest vacancy rates in the region, with defense, aerospace, and advanced manufacturing users driving demand. San Diego returned to positive absorption as new construction fell to its lowest level in a decade, while Mid-Counties saw owner-users step in on several major Santa Fe Springs acquisitions. In his analysis of the San Diego market, Associate Carter Shannon writes, “San Diego’s industrial market is starting to find its footing… Tours are up, tenants are making decisions again, and the conversations we are having with owners are less about how far the market will fall and more about how to position for what comes next.”  For owners, the message is consistent across markets: well-located, functional buildings are winning. For tenants, the leverage of today’s market comes with a timeline. Read the full Q3 highlights from our market experts: f.mtr.cool/wqmn7vnhkw #VoitRealEstate #VoitSanDiego #CommercialRealEstate #CREBroker #Industrial #MarketExpert #MarketUpdate

Great job by Brenden Hefner of Voit Real Estate Services’ Anaheim office, who completed the $1,092,499 lease of this 10,538 SF industrial building in Anaheim. Hefner represented the landlord in this transaction. Cheers! #VoitRealEstate #CREBroker #RealEstate #CommercialRealEstate #SocalRealEstate #CommercialLease #Industrial #LandlordRepresentation

The father-son duo of Jeff Mitchell and Shane Mitchell of Voit Real Estate Services’ Irvine office represented the landlord in the execution of a $5,910,943 lease of this 36,974 SF Tustin industrial building to Fortune 500 company Cintas Corporation. It’s another example of Voit’s commitment to delivering results for its clients. Congratulations, Jeff and Shane! #VoitRealEstate #CREBroker #RealEstate #CommercialRealEstate #SocalRealEstate #CommercialLease #Industrial #LandlordRepresentation

Congratulations to Greg Marx, SIOR, and Carter Shannon of Voit Real Estate Services’ San Diego office, who represented Dickinson Family Farms in their $2,395,000 acquisition of this 7,200 SF industrial building in Fallbrook. A well-executed transaction for a valued client. Nicely done, guys! #VoitRealEstate #VoitSanDiego #CREBroker #RealEstate #CommercialRealEstate #SocalRealEstate #Industrial #CREInvesting #Investing #SIOR #SIORGlobal

Congratulations to Dante Borruso of Voit Real Estate Services’ Ontario office, who represented his client in their $7,658,550 acquisition of this 18,910 SF industrial building in San Clemente. Finding the right property and negotiating the right terms takes market knowledge and persistence, and Dante delivered both for his client. #VoitRealEstate #CREBroker #RealEstate #CommercialRealEstate #SocalRealEstate #Industrial #CREInvesting #Investing

Small-bay industrial properties are generally defined as buildings under 200,000 SF with individual suites ranging from 1,000-10,000 SF. They typically feature clear heights of 12’ to 24’, higher office-to-warehouse ratios, and flexible layouts that accommodate light manufacturing, assembly, distribution, and service uses. Located in established infill markets near population centers and labor pools, they house the contractors, manufacturers, e-commerce operators, and essential service providers that drive local economies. Small-bay properties also outperform on vacancy. In Q1 2026, national industrial vacancy hovered around 8% while properties under 50,000 SF averaged 4%. Properties in the 5,000-10,000 SF range had a lower vacancy rate of 3.2%. The gap is even wider in Orange County. For private investors, small-bay assets offer several advantages: • Diversified cash flow: Multitenant asset owners maintain an income stream even when a few tenants vacate, unlike owners of single-tenant assets. • Limited competition: High land costs and the expense of building multiple loading doors, restrooms, and entrances make new small-bay development difficult to pencil. • Rent premiums: Small-bay spaces command 20-22% higher rents per square foot than bulk industrial. • Value-add potential: Investors are achieving higher rents by renovating older properties. These benefits come with manageable trade-offs: more intensive property management and greater credit risk from smaller tenants. Tom Terry, of our Anaheim office, shared, “For private local investors who don’t have the ability to weather the storm of vacancy on a larger building, small-bay industrial assets can be an attractive investment.”  Read more from Terry: f.mtr.cool/pov0fjsgnz For disciplined owners with patient capital, small-bay industrial remains one of the most resilient segments of the SoCal market. Contact one of Voit’s trusted advisors to learn more about investing in small-bay assets. #VoitRealEstate #CREBroker #RealEstate #CommercialRealEstate #SoCalRealEstate #Industrial #CREInvesting #Investing

Paul Caputo and Mike Bouma, SIOR, of Voit’s Anaheim office directed the $9,480,000 sale of an 18,410 SF industrial building on behalf of the seller. The newly renovated property, with a large, secure, fenced yard, is situated on 2.15 acres in Anaheim. Solid performance, guys! #VoitRealEstate #CREBroker #RealEstate #CommercialRealEstate #SocalRealEstate #Industrial #CREInvesting #Investing #SIOR #SIORGlobal

Congratulations to Mike Hefner, SIOR of Voit’s Anaheim office and Jack Faris of the Irvine office for executing the $3,130,859 lease of this 58,201 SF industrial suite in Fullerton. The Voit team represented the landlord in this transaction. Nice work! #VoitRealEstate #CREBroker #RealEstate #CommercialRealEstate #SocalRealEstate #CommercialLease #Industrial #LandlordRepresentation #SIOR #SIORGlobal

Stellar performance by Matt Biggs and John Collins of Voit’s Irvine office who directed the $8,100,000 acquisition of this 43,470 SF three building industrial complex in Riverside on behalf of the buyer. Excellent job, guys! #VoitRealEstate #CREBroker #RealEstate #CommercialRealEstate #SocalRealEstate #Industrial #CREInvesting #Investing

Outstanding job by Mark Caston and Spencer Kerrigan of Voit’s San Diego office who represented their client in the $4,750,000 acquisition of this 6,786 SF retail building in San Diego. Congratulations, guys! #VoitRealEstate #CREBroker #RealEstate #CommercialRealEstate #SocalRealEstate #RetailSpace #CREInvesting #Investing

Voit Q3-2026 Market Reports Are Now Available. Visit f.mtr.cool/6ey4wgmqqu to see current statistics, our forecast for the next year, and in-depth editorials from our industry experts. LA Industrial vacancy held near stable at 5.33% as move-outs and 927,066 SF of new deliveries kept net absorption negative, even as gross absorption rose 13%. Asking rents held flat at $1.37 NNN, 27% below the 2023 peak, with free rent and TI allowances still common. South Bay led with positive absorption, driven by ICT in San Pedro and CODA Logistics in Long Beach. With little new construction, the market is positioned for gradual improvement into 2027. In Mid Counties, vacancy rose to 6.31% as large logistics move-outs in La Mirada, Buena Park, and Norwalk outpaced move-ins, resulting in negative net absorption. Asking rents slipped to $1.26 NNN, and free rent appeared in 71% of sampled deals. Availability declined to 10.31% as sublease space came off the market. Smaller buildings continue to outperform, and we expect occupancy to recover first in 2027 with rents following in 2028. OC Industrial net absorption swung positive, and vacancy fell, driven by defense and aerospace manufacturers in the Airport Area: Anduril's 650,027 SF in the Airport Area and an aerospace and defense manufacturer’s 237,246 SF move-in in Anaheim together exceeded the county’s net total. Vacancy for smaller buildings remains tight, under 4.1%, while buildings 75,000+ SF sit between 8.7% and 10.7%, giving larger tenants the most negotiating room. Asking rents edged down, and 310,420 SF of scheduled Q4 move-ins point to a second straight positive quarter. OC Office vacancy fell to 12.61%, its fifth consecutive quarterly decline, with 233,194 SF of positive net absorption. Anduril and DH Dental accounted for 93% of net absorption. Asking rents rose to $2.96 FSG, though signed deals closed at a median of $2.62, about 11.5% below asking. Supply is shrinking; only one project under construction and older campuses being demolished for housing. Recovery depends on job growth in professional & business services. #VoitRealEstate#CREBroker #SocalRealEstate #MarketUpdate #ClientAdvisor

Outstanding job by Spencer Kerrigan of Voit’s San Diego office who represented his client in the $1,172,500 acquisition of this 8,400 SF retail building in Hartville, South Carolina. Cheers, Spencer! #VoitRealEstate #VoitSanDiego #CREBroker #RealEstate #CommercialRealEstate #SocalRealEstate #RetailSpace #CREInvesting #Investing

Commercial real estate investment sales gained strong momentum in the first half of 2026. A shifting economic backdrop is now complicating transactions and putting that progress to the test. In September, the Federal Reserve raised rates by 25 basis points, its first hike in more than three years, citing persistent inflation. Weeks later, a weaker-than-expected jobs report and downward revisions to prior months pointed to a cooling labor market. Meanwhile, 10-year Treasury yields rose above 5% and reached 5.24% on October 9. MBA Chief Economist Mike Fratantoni expects two more rate hikes, one in December and one in Q1 2027, with yields staying near 5% through next year. The same conditions are also creating opportunities. According to the MBA, $875 billion in commercial mortgages matures in 2026, and another $652 billion comes due in 2027. Many of these loans were originated at 3%–4% rates. As lenders move away from “extend and pretend,” owners who can’t refinance may need to sell, often at a discount. Mark Leverette of BPM told GlobeSt.com that the market is nearing an inflection point, with opportunities emerging for well-positioned buyers. Read the full article at f.mtr.cool/hz7l3467ee This market calls for local insight and disciplined underwriting. Connect with a Voit Real Estate Services trusted commercial real estate advisors for guidance on investment opportunities. #VoitRealEstate #VoitSanDiego #CREBroker #CommercialRealEstate #SocalRealEstate #CREInvesting #MarketAdvisor #MarketExpert

Solid performance by Ryan Osterkamp and Alton Burgess of Voit’s Irvine office who executed the $1,598,562 lease of a 15,419 SF industrial unit in the Trico Pacific Center in Costa Mesa, representing the tenant. Congrats, guys! #VoitRealEstate #CREBroker #RealEstate #CommercialRealEstate #SocalRealEstate #CommercialLease #Industrial #TenantRepresentation

Nice teamwork by John Collins, Dan Berkenfield and Rachel Burney of Voit’s Irvine office who represented the landlord in the $1,728,050 lease of this 19,188 SF Santa Fe Springs industrial building. Congratulations! #VoitRealEstate #CREBroker #RealEstate #CommercialRealEstate #SocalRealEstate #CommercialLease #Industrial #LandlordRepresentation

Last Thursday, a group of our team members ventured out, all dressed to the nines, for the annual NAIOP (now CREDA) Night at the Fights at The Hanger at the OC Fair & Events Center. The Voit team enjoyed a great night of boxing, dining, and spending time with fellow industry professionals. The décor was quite enchanting. Thank you, NAIOP SoCal Chapter, for such an amazing evening.  #VoitRealEstate #CREDA #NAIOP #NAIOPSoCal #NIghtAtTheFights #CompanyCulture

Great job by Ryan Bracker and Patrick Black of Voit’s San Diego office who executed the $1,161,947 lease of 10,400 SF of industrial space representing the landlord. Congrats, guys! #VoitRealEstate #VoitSanDiego #CREBroker #RealEstate #CommercialRealEstate #SocalRealEstate #CommercialLease #Industrial #LandlordRepresentation

Congratulations to Walt Chenoweth and Sean Sullivan, SIOR of Voit’s Ontario office for executing the $1,883,048 lease of this 27,390 SF industrial building in Rancho Cucamonga. The Voit team represented the tenant in this transaction. Nice work! #VoitRealEstate #CREBroker #RealEstate #CommercialRealEstate #SocalRealEstate #CommercialLease #Industrial #TenantRepresentation #InlandEmpire #SIOR #SIORGlobal

Congratulations to Sebastian Lozano of Voit’s Anaheim office for earning his CCIM designation. We are proud to add Sebastian to our list of CCIM real estate advisors. A CCIM IS A CERTIFIED COMMERCIAL INVESTMENT MEMBER.  Less than 10% of the commercial real estate professionals are CCIMs. Whether you’re looking to buy, sell, lease, finance, develop real estate, a CCIM is your strongest asset. When you hire a CCIM, you’re hiring the most advanced investment specialist anywhere — someone who will minimize your risk, maximize your ROI, and optimize the value of your real estate. #VoitRealEstate #RealEstate #CommercialRealEstate #SocalRealEstate #CREInvesting #Investments #ExcellenceInService #CCIM