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Orange County Market Reports

Orange County Office Market

Average Asking Rent (Price/SF/Mo) $2.81
Vacancy Rate (%) 12.4%
Net Absorption (SF) -99,046

Leasing velocity was anemic in the first three months of the year, posting roughly 1.5 million square feet, 48.8% less than the five-year average. Extremely low unemployment coupled with measured job creation has resulted in hiring challenges for many firms, impacting new leasing volume in an otherwise healthy market.

Orange County Industrial Market

Average Asking Rent (Price/SF/Mo) $1.15
Vacancy Rate (%) 2.9%
Net Absorption (SF) 748,991

Orange County's growing population of 3.3 million residents and average household income of $121,359, 20.6% higher than Southern California's average, are attractive fundamentals for e-commerce occupiers. Amazon was among Orange County's most active industrial tenants this year, growing its 450,000-square-foot presence to roughly 1.2 million square feet.



Orange County Office Market Report
1Q20
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Orange County Industrial Market Report
4Q19
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