The Inland Empire retail market showed signs of softening in the first quarter heading into the COVID-19 shutdown.
The Los Angeles retail market cooled in the first quarter in the wake of the COVID-19 shutdown.
Ventura County’s multifamily softened slightly but remained near the peak reached in 2019 prior to the COVID-19 outbreak.
Orange County’s multifamily housing market cooled in the first quarter heading into the COVID-19 shutdown.
The Inland Empire’s multifamily market remained at the peak in Q1 2020 prior to the COVID-19 shutdown.
The Ventura County office market experienced lower leasing volume, a rise in vacancy and a decline in the average asking rent after spending an entire quarter under the COVID-19 shutdown.
After an entire quarter under a COVID-19 shutdown, the Orange County office market experienced lower transaction volume, an uptick in vacancy and landlords propping up asking rents.
While leasing volume was subdued after spending an entire under the COVID19 shutdown, the Inland Empire office market saw upticks in the vacancy rate and the average asking rent.
The industrial market in Ventura County was experiencing increased vacancy and flat rental rates, prior to the COVID-19 pandemic shutdown.
After spending the entire second quarter of 2020 under a COVID-19 shutdown, Orange County's industrial market was left with lower transaction volume, an uptick in vacancy and the highest asking rent on record Leasing volume declined 20.3% over the previous quarter, down 16.7% from Q2 2019 to nearly 2.5M SF.