Warehouse to replace office complex in Santa Ana
In the hierarchy of commercial real estate, office space has long been king.Developers and landlords lived by the conventional wisdom that there was no better use for your square footage than business offices because they commanded higher rents than industrial spaces. Simple math, the thinking went. Well, not so simple anymore. At least in Santa Ana, where a perfectly good office complex is being demolished in a dramatic demonstration of how weak the office rental market has become and how deep the demand for…