NORTH COUNTY INDUSTRIAL MARKET REPORT INFO PROVIDED BY: RUSTY WILLIAMS, SIOR & CHRIS ROTH 3 rd QUARTER 218 PLEASE CALL US WITH ANY QUESTIONS ABOUT THIS REPORT! NORTH COUNTY INDUSTRIAL STATISTICS 6 4 - -4-6 9 1 17 18 FOR SALE ASKING PRICE PSF $18 $17 $ $ $ $ $ $ 9 1 17 18 % $1. 1% $.95 9% RENTAL RATES PSF $.9 $.85 $.8 $.75 9 1 17 18 $.7 9 1 17 18 Strong Leasing Activity Keeps Pace with New Construction Vacancy rates, lease rates, and sale prices have all approached historical records in North County. Large portfolio sales highlighted a few of the large transactions this quarter. New construction is prevalent across North County with nearly a million square feet set to be delivered in 219. Strong pre-leasing activity on the new construction is a sign that there is demand for the new spec development. Expect sale prices and lease rates to remain strong through the end of 218. 19 Wright Place Suite Carlsbad, CA 98 Rusty Williams, SIOR (76) 448-2453 Chris Roth (76) 448-2448
OCEANSIDE 5 4 3 1-1 - 1 % % % 1% -3 % 8 9 1 17 18 8 9 1 17 18 8 Q3 9 Q2 21 Q1 21 Q4 2 Q3 2 Q2 2 Q1 2 Q4 2 Q3 2 Q2 2 Q1 2 Q4 217 Q3 218 Q2 OCEANSIDE MARKET STATISTICS 43 9,52,975 8,631,729 421,246 4. (1,97) 649 Benet Road 39, SF $6,375, ($3/SF) 41 Avenida De La Plata 6,53 SF $1,65, ($176/SF) 2555 Jason Court 18,92 SF $.73 NNN 2195 Oceanside Boulevard 9,6 SF $.85 NNN 19 Wright Place Suite Carlsbad, CA 98 Rusty Williams, SIOR (76) 448-2453 Chris Roth (76) 448-2448
CARLSBAD 25 % 1% 1 5-5 -1-8 9 1 17 18 8 9 1 17 18 CARLSBAD MARKET STATISTICS 243 8,345,847 7,671,3 674,536 8.1% (65,598) 3261-3266 Lionshead Avenue 277,351 SF $17,, (Portfolio Sale) 291 Rutherford Road,881 SF $8,5,, (Portfolio Sale) 3248 Lionshead Avenue 55,573 SF $1.3 NNN 3266 Lionshead Avenue 52, SF $.96 NNN 19 Wright Place Suite Carlsbad, CA 98 Rusty Williams, SIOR (76) 448-2453 Chris Roth (76) 448-2448
SAN MARCOS 1 % 5 1% -5-1 - - 8 9 1 17 18 8 9 1 17 18 SAN MARCOS MARKET STATISTICS 471 7,86,75 7,396,24 41,51 5.,7 2946-295 Norman Strasse Road 6,653 SF $17,, (Portfolio Sale) 288 Distribution Street 24,225 SF $3,8, ($7 PSF) 5 Vallecitos De Oro,99 SF $.97 IG 21 S Rancho Santa Fe Road 7,833 SF $.85 MG 19 Wright Place Suite Carlsbad, CA 98 Rusty Williams, SIOR (76) 448-2453 Chris Roth (76) 448-2448
VISTA 1 Vacant Available Percent % Total 9% 5-5 -1 - - 1% 8 9 1 17 18 8 9 1 17 18 VISTA MARKET STATISTICS 537,859,6,29,868 568,744 4. 74,819 298 Scott Street 6,7 SF $,26, ($97/SF) 32 Melrose Drive 38,749 SF $6,25, ($1/SF) 2835 La Mirada Drive 18,19 SF $.83 + E 2 Distribution Way 6,544 SF $.95 NNN 19 Wright Place Suite Carlsbad, CA 98 Rusty Williams, SIOR (76) 448-2453 Chris Roth (76) 448-2448
ESCONDIDO 25 1 5-5 -1-1% % 8 9 1 17 18 8 9 1 17 18 ESCONDIDO MARKET STATISTICS 629 7,488,698 7,39,366 98,332 1. 23,88 263 Wineridge Place 2,783 PSF $3,6, ($173/SF) 837-847 Metcalf Street,945 SF $2,9, ($1/SF) 232 Meyers Avenue 54,73 SF $.8 NNN 242 Auto Park Way 1,625 SF $.93 MG 19 Wright Place Suite Carlsbad, CA 98 Rusty Williams, SIOR (76) 448-2453 Chris Roth (76) 448-2448
POWAY 4 3 9% 1-1 - 1% % 8 9 1 17 18 8 9 1 17 18 POWAY MARKET STATISTICS 177 7,185,258 7,89,77 96,181 1. (73,357) Flint Place,431 SF Sale Price: $2,619, ($195/SF) 5 Flint Place 8,49 SF $1,5, ($186/SF) 253 Kirkham Way 2, SF $.99 NNN 177 Kirkham Way 71,249 SF $.97 NNN Lee & Associates Commercial Real Estate Services is the largest regional brokerage firm in Southern California and the Southwest, specializing in commercial, industrial, and investment real estate sales and leasing. Lee & Associates founded in 1979, has experienced unparalleled growth over the last several years. Within the last 7 years, the firm has doubled in size, with nearly 9 full-time salespersons who have been compiled from other firms as a result of reaching the top level of their respective companies. As a group of independently owned and operated companies, Lee & Associates currently has 56 offices located across the nation. It is recognized as the 4th largest full service commercial real estate sales organization in the country. 19 Wright Place Suite Carlsbad, CA 98 Rusty Williams, SIOR (76) 448-2453 Chris Roth (76) 448-2448