Orange County Industrial Lease Rates
Typical gross effective rates by city, updated October 2026.
By Ryan Osterkamp, Industrial Real Estate Specialist, Voit Real Estate Services
Most leases in the past 18 months
$1.45 to $1.80
per square foot per month, gross effective. Midpoint around $1.60.
- Highest city
- Irvine Spectrum
- Leases measured
- 431
Lease rates by city
Typical range ($/SF/month, gross effective), highest first.
| City | Range chart | Range |
|---|---|---|
| Irvine Spectrum | $1.85 to $2.40 | |
| Lake Forest | $1.75 to $2.00 | |
| Tustin | $1.55 to $2.15 | |
| Irvine | $1.65 to $2.05 | |
| Costa Mesa | $1.55 to $1.95 | |
| Cypress | $1.45 to $1.95 | |
| Anaheim | $1.50 to $1.75 | |
| Fountain Valley | $1.40 to $1.85 | |
| Westminster | $1.35 to $1.90 | |
| Orange | $1.50 to $1.70 | |
| Santa Ana | $1.40 to $1.75 | |
| Brea | $1.40 to $1.65 | |
| Buena Park | $1.30 to $1.65 | |
| Fullerton | $1.25 to $1.70 | |
| Garden Grove | $1.25 to $1.70 | |
| Huntington Beach | $1.25 to $1.70 | |
| Placentia | $1.40 to $1.55 | |
| San Clemente | Call for current range | |
| Stanton | Call for current range |
How these numbers are calculated
Every range is a gross effective starting rate. Gross and modified gross leases count as signed. For NNN and industrial gross leases, the monthly expense charges are added to the base rent so every lease compares on the same footing. Free rent and annual increases are not averaged in.
Each range is the middle half of leases in that city that started in the past 18 months, for spaces under 100,000 SF, drawn from 431 closed Orange County lease transactions. Individual deals are not published here.
What moves the rate on a specific building
- Size: smaller units usually lease for more per square foot than large ones.
- Office build-out as a share of the building.
- Clear height, dock-high versus grade-level loading, and truck access.
- Power, yard and parking.
- Building age and condition.
- Lease term, free rent and tenant improvement allowances.
Frequently asked questions
What is the average industrial lease rate in Orange County?
Most Orange County industrial leases that started in the past 18 months landed between $1.45 and $1.80 per square foot per month, gross effective, with a midpoint around $1.60. Figures cover spaces under 100,000 SF and are updated quarterly by Ryan Osterkamp of Voit Real Estate Services.
Which Orange County city has the highest industrial lease rates?
Irvine Spectrum currently runs highest, with most recent leases between $1.85 and $2.40 per SF per month gross effective. Newer product, higher office build-outs and limited supply keep rates up there.
What does gross effective rent mean?
Gross effective rent is the starting monthly rent on a gross basis. Gross and modified gross leases count as signed. For NNN and industrial gross leases, the monthly expense charges are added to the base rent, so every lease compares on the same footing.
How do I find the lease rate for a specific building?
City ranges are a starting point. Size, office percentage, clear height, power, yard and lease term all move the number. Ryan Osterkamp provides a building-specific rent analysis backed by the recent deals around it. Call (714) 442-5085 or use the contact page.
Get the number for your building
A city range is a starting point. For a rent analysis on a specific building or requirement, with the recent deals behind it, talk to Ryan directly.