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Orange County Market Reports

Orange County Office Market

Average Asking Rent (Price/SF/Mo) $2.70
Vacancy Rate (%) 12.6%
Net Absorption (SF) 54,227

The Irvine Spectrum has established itself as Orange County's center of gravity through its attractive labor pool, premier amenities and new construction. Since 2015, nearly 3.3 million square feet of office space has delivered across the metro, with approximately 2.5 million square feet of that space, or 76.8%, delivered within the Irvine Spectrum micro-market.

Orange County Industrial Market

Average Asking Rent (Price/SF/Mo) $1.10
Vacancy Rate (%) 2.4%
Net Absorption (SF) -39,005

Despite a scarcity of available land, developers remain bullish on Orange County's industrial market. Two new projects totaling 627,967 square feet broke ground this quarter in the Airport Area that will give tenants shopping the market a few modern space options.



Orange County Office Market Report
3Q18
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Orange County Industrial Market Report
3Q18
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