Laguna Niguel Warehouse Property For Sale & Lease

Laguna Niguel had a population of 62,979 as of 2010 and is one of the most suburban among the various cities in Orange County, California. It is located in the southeastern portion of the county and it is a master-planned community, which was one of the very first in this county. The purpose was to develop a bedroom community and this has now become a rich community. Its median household income is 31% above the average of the county and is almost 50% higher compared to the national average. It is believed to be one of the safest cities in the county and it is considered to be a beautiful city with its many parks and public trails.

The Community Services District of Laguna Niguel was established in1986 and then on November 7, 1989, 89% of the members voted to incorporate the city. Thus, it became the 29th city in the county on December 1, 1989.

Laguna Niguel Warehouse Building for Sale & Lease – Should You Buy or Lease?

If you are interested in getting some warehouse space in Laguna Niguel, be that as an investment or to run a business out of, you have two broad options: buying or leasing. There are pros and cons to both of these options, so let us take a look.

The benefits of buying warehouse space include the fact that:

  • Your costs are fixed because the monthly amortization would not change during the duration of the mortgage.
  • You can benefit from a number of tax deductions, including property taxes and mortgage interests.
  • You can rent out some of the warehouse space in order to have another source of cash flow.
  • The property value will tend to increase over time.

Meanwhile, the cons of buying warehouse space include the fact that:

  • You don’t have much flexibility, which means that if your business grows too fast, you may have to sell the property before you can move to another location. The same thing would happen if the business declines that you decide to shut it down.
  • You have high initial costs. This is because you need to pay at least a 30% down payment on the mortgage. You will also need to take care of the maintenance, appraisal, and other property costs.

On the other hand, if you simply lease warehouse space, the benefits include the fact that:

  • You can lease prime property, which is important if your public image matters.
  • You can free up working capital because you don’t have to pay for a deposit.
  • You can focus on actually running your business because you don’t have to worry about the various concerns that come with property ownership.

Leasing warehouse space also has some downsides, such as the fact that:

  • Your monthly costs will tend to rise because rent will increase at certain points in time.
  • You do not build up any equity in the property, since you don’t own it.

To help choose between the two options, being aware of the trends and statistics in terms of prices, supply, and demand, can help.

Laguna Niguel Warehouse Property for Sale – Trends and Statistics

  • The asking prices for warehouse properties in Laguna Niguel in dollars per square foot is $222.13, which is a 2.7% increase over the past three months, and a 10.9% increase year on year. This is higher than the metro ($195.29) area and state ($142.69) area.
  • The index of total dollars available for warehouse properties for sale in Los Angeles-Long Beach-Laguna Niguel is 28, which represents a 6.7% increase over the past three months but a 2.9% decrease year on year.
  • The index of total number of listings of warehouse properties available in Los Angeles-Long Beach-Laguna Niguel is 26, which is a 7.7% increase over the past three months, but a 7.2% increase year on year.
  • The profile view index of warehouse property for sale in the Los Angeles-Long Beach-Laguna Niguel metro area is 174, which is a 19.2% increase over the past three months, and a 30.9% increase year on year.
  • The index of total square feet of available warehouse space for sale in the Los Angeles-Long Beach-Laguna Niguel metro area is 26, which is a 0.2% decrease over the past three months, and an 18.8% decrease year on year.

Laguna Niguel Warehouse Property for Lease – Trends and Statistics

  • The asking rent for warehouse properties for lease in Laguna Niguel in dollars per square foot per year is $12.93. This represents a 1.3% increase over the past three months, and a 10.1% increase year on year. This is higher than the state ($10.31) area, but lower than the metro ($11.75) area.
  • The index of total number of warehouse spaces for lease in the Los Angeles-Long Beach-Laguna Niguel area is 34, which represents a 0.5% decrease over the past three months, and an 11.9% decrease year on year.
  • The profile view index for warehouse properties for lease in the Los Angeles-Long Beach-Laguna Niguel area is 128, which is a 51.9% decrease over the past three months, and a 43.5% decrease year on year.
  • The index of total square feet of warehouse space available for lease in the Los Angeles-Long Beach-Laguna Niguel area is 29, which is an 8.7% decrease over the past three months, and a 20.8% decrease year on year.