La Habra Business Center is a multi-tenant industrial park that contains over 173,000 rentable square feet.
Now that our economy is experiencing difficult times with employment, the credit market, etc., maintaining occupancy of a multi-tenant park can be very challenging, and can also add pressure to property owners to lower rents. However, our team has been able to maintain an occupancy level above 95% while gradually increasing rents. Even during these times, we are consistently drawing in prospective tenants.
Our property management staff has done a great job maintaining strong relationships with the existing tenants while preserving the property. The tenants continue to renew their leases and grow within the industrial park.
Together with our ability to attract qualified tenants and our supportive property management staff, we've been able to get rents above an average of $0.94 per square foot.
Our success at La Habra Business Center proves our marketing efforts, relationships, and knowledge of today's businesses, is a winning strategy that our team uses to maximize returns for our clients.
Gary Martinez and Sara Mathis
