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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) 88,058

Broadcom's former headquarters at UCI Research Park has recently been a hotspot for leasing activity. The Irvine Company has reportedly backfilled more than half of the 11-building, 836,000-square-foot office campus since Broadcom vacated last quarter.

Orange County Industrial Market

Average Asking Rent (Price/SF/Mo) $1.09
Vacancy Rate (%) 2.4%
Net Absorption (SF) -61,995

Orange County is one of the most supply-constrained markets in the country, with minimal land for development and significant barriers to entry. The North County submarket, which offers proximity to the ports of Los Angeles and Long Beach and the consumer populations of Los Angeles and Orange County, has been the primary beneficiary of this cycle's injection of new industrial supply. Nevertheless, conditions in North County remain extremely tight.

Orange County Office Market Report
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Orange County Industrial Market Report
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