Third Quarter 2026
Industrial Market Outlook
Orange County
Robinson Pharma Inc. acquired a 263,988-SF industrial facility at 2323 Main Street in Irvine from Starpointe Ventures and GW Real Estate Partners for $75 million, or approximately $284/SF.
Managing Director of Research and Public Relations at NAI Capital Commercial
LEASING TRENDS
Leasing volume fell 14.9% QoQ and 24.6% YoY in Q1’26, while asking rent slipped 1.3% QoQ and 5.2% YoY, and the construction pipeline contracted 11.6% QoQ and 69.3% YoY, signaling continued caution among landlords and developers. Weakening leasing demand points to a market still working through oversupply, with little sign yet of stabilization.
SALES TRENDS
Sales volume surged 111.5% QoQ and 44.9% YoY in Q1’26, while average sale pricing fell 22.9% QoQ and 23.2% YoY. Strong transaction activity alongside softer pricing suggests buyers are moving on discounted assets, with deal volume picking up as valuations reset.
