A weekly look at office and industrial real estate in the county. : ANAHEIM COMMERCIAL AND INDUSTRIAL REAL ESTATE
As of Nov. 30, 1990. OFFICE BUILDINGS Existing Buildings
Number 53 Total square feet 2,960,742 Vacant space 615,822 Vacancy rate 20.80%
Monthly Lease Rates Per Square Foot Existing Vacant Office Space
Average $1.51 Low $0.99 High $2.20
High Tech/Research & Development Space Sale price per square foot
Average $89.00 Low $82.00 High $96.00
Lease price per square foot
Average $0.69 Low $0.35 High $1.25
Manufacturing/Warehouse Space Sale price per square foot
Average $76.81 Low $54.00 High $90.00
Lease price per square foot
Average $0.45 Low $0.28 High $0.70
Source: Coldwell Banker FOCUS: PACIFICENTER ANAHEIM The retail center and first office building of Catellus Development Corp.’s PacifiCenter Anaheim have been completed. Phase I of the $100-million mixed-use project is also expected to include a 140-room hotel and a second office building. Catellus’ Southern California regional office is occupying one floor of the four-story office building, which will also house the corporate offices of Insight for Living, a radio ministry. Three leases have been signed for the 23,000-square-foot retail section, with four more pending. FACTS AND FIGURES Address: Southwest corner of Tustin and LaPalma avenues Developer: Catellus Development Corp. Architect: Langdon Wilson Architects, Newport Beach General Contractor: Davcon Inc. Leasing: Grubb & Ellis Use: Office and retail Percentage of office building leased: 80% Parking capacity: 668 MAJOR TENANTS Square feet Insight for Living: 49,032 Catellus Development Corp.: 25,000 Source: Catellus Development Corp. TRENDS: BUILDING PERMITS COUNTYWIDERESIDENTIAL BUILDING PERMITS BY MONTH, 1989-90 (Dollar amounts are in $1,000s)
Year to Date Nov. ’90 Oct. ’90 Nov. ’89 1990 1989 Residential $70,882 $110,941 $119,621 $1,344,376 $1,931,892 Industrial $3,057 $2,116 $15,648 $58,608 $130,619 Office $596 $22,004 $10,702 $194,778 $315,956 Retail $9,396 $10,680 $9,921 $189,365 $165,724
Source: Construction Industry Research Board
