Garden Grove
Orange County - CA USA - Industrial Submarket
Industrial real estate intelligence for the Garden Grove submarket. 14.3M SF of inventory with 5.3% vacancy. Data sourced from various MLS platforms.
14.3MSF
Inventory
878KSF
Available
5.3%
Vacancy
6.1%
Availability Rate
$17.69
Asking Rent
-0.6%
Rent Growth
-262,450SF
12mo Absorption
162KSF
Under Construction
Market Metrics
12mo Delivered
0 SF
Under Constr % of Inv
1.1%%
Sale Price/SF
$322
Cap Rate
5.5%%
12mo Sales Volume
$60,231,731
Sales Vol Growth
-1.7%
Asset Value
$4,658,011,835
Net Absorption
-262,450 SF
Recent DC Sales in Market
| Property | Price | SF | Buyer |
|---|---|---|---|
| SMS Data Center | $10.8M | 37,000 | Pacific Tree Capital |
| LAX4 | $174.0M | 287,999 | Mapletree US Management, LLC |
| TPx Colocation Data Center | $39.5M | 58,000 | Landmark Dividend |
| TPx Colocation Data Center | $20.8M | 58,000 | Telecom Real Estate Services |
Available DC Space in Market
| Property | Avail SF | Rent | Owner |
|---|---|---|---|
| 9 First American Way | 49,382 | $16.45 - 20.10 (Est.) | First American Financial Corporation |
Data Centre Development Potential
Moderate vacancy (5.3%) in Garden Grove suggests a balanced market with selective opportunities for data centre conversion or development. Active construction pipeline of 162K SF indicates developer confidence in the submarket. Negative absorption of 262K SF over 12 months warrants caution, though this may create discounted acquisition opportunities.
Other Submarkets in Orange County - CA USA
Evaluating Garden Grove for Development?
Our advisory team provides site-specific analysis including power availability, zoning, and financial modeling.
Data sourced from various MLS platforms. Industrial market data for informational purposes. Professional due diligence recommended.