The City held a workshop for commercial brokers and property managers on Wednesday and it drew more than 30 people, including real estate brokers, property managers, leasing agents, and an architect. All geographic parts of the City were represented. Mayor Voigts was in attendance as was the Director of Development Services and the Director of Economic Development.
Staff shared some data about the City as well as an overall of programs that are in place to attract new businesses as well as support existing businesses.
Occupancy rates are relatively high. Here is Lake Forest vs (OC)
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- Office 91.6% (90.8)
- Industrial 92.8% (98.4)
- Retail 97.1% (96.3)
So we are in line except with regard to industrial where we trail.
Our unemployment is only 2.6% compared with 3.7% for OC.
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There are 3 new hotels being built, bringing our room capacity from 1100 to about 1500. Thankfully all the new hotels are near the 5 Freeway so they shouldn’t bring too much extra traffic into the City.
The next City workshop will be April 28 at 9 am at the City hall. For more information Click Here.
Other workshops coming up include
- May 12 – Secrets and Strategies
- May 23 – Hotel Roundtable
- June 7 – Business mixer
ABOUT THE AUTHOR
Dr. Jim Gardner is on the City Council for Lake Forest. You can check him out on LinkedIn and/or Facebook and you can share your thoughts about the City at Lake Forest Town Square on Facebook. His comments are not meant to reflect official City Policy.
Dr. Gardner has office hours every Tuesday from 4 pm to 6 pm at the City Hall. In addition, he holds a Town Hall meeting every quarter. The next meeting will be in May.
