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Orange County Market Reports

Orange County Office Market

Average Asking Rent (Price/SF/Mo) $2.72
Vacancy Rate (%) 11.9%
Net Absorption (SF) 386,253

Net absorption was positive in two of the metro's five submarkets this quarter, led by South County, where absorption topped 864,000 square feet. The Irvine Spectrum alone logged over 200% of the metro's absorption gains.

Orange County Industrial Market

Average Asking Rent (Price/SF/Mo) $1.07
Vacancy Rate (%) 2.2%
Net Absorption (SF) 151,398

The supply and demand imbalance in the metro has enabled landlords to lengthen average lease terms, limit concessions and push rents. Tenants with leases coming due are faced with the option to either meet their landlord's conditions, or relocate to the Inland Empire where the average warehouse asking rent is 34.1% lower than Orange County. Transport costs however can be higher.

Orange County Office Market Report
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Orange County Industrial Market Repor
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