First Quarter 2026
Industrial Market Outlook
Ventura County
HespeZDI sold this 46,924-square-foot industrial building to Plascene, Inc. for $12.23 million ($261 per square foot).
By J.C. Casillas
Managing Director of Research and Public Relations at NAI Capital Commercial
Managing Director of Research and Public Relations at NAI Capital Commercial
LEASING TRENDS
Leasing volume fell 11.1% QoQ and 29.3% YoY, while under construction space dipped 2.4% QoQ but remained up 764.2% YoY, signaling a substantial supply overhang still working through the pipeline. Asking rent slipped 0.93% QoQ and 3.64% YoY, softening amid weaker leasing demand and elevated construction levels.
SALES TRENDS
Sales volume fell 8.3% QoQ and 10.2% YoY, while average sale price per square foot declined 6.9% QoQ and 10.7% YoY, reflecting broad-based softening in both transaction activity and pricing.
