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Orange County Market Reports

Orange County Office Market

Average Asking Rent (Price/SF/Mo) $2.69
Vacancy Rate (%) 12.6%
Net Absorption (SF)  148,358

Coworking occupancies represent just 1.0% of Orange County's total office inventory, but the industry's rapidly expanding footprint has established it as a major player. Operators lease roughly 840,000 square feet, with another 250,000 square feet in lease negotiations, the majority of which transacted in the past 12 months. Coworking is arguably the fastest-growing source of leasing activity in the county, compared with the subprime mortgage sector in the last cycle.

Orange County Industrial Market

Average Asking Rent (Price/SF/Mo) $1.11
Vacancy Rate (%) 3.0%
Net Absorption (SF) 313,742

Underlying fundamentals are extremely healthy: Vacancy is near an all-time low, rents are well above last cycle's high, and tenant demand is feverish. However, in a market that is largely built out and faced with a shortage of quality space options, tight fundamentals pose significant hurdles for tenants and directly impact their ability to grow or consolidate their operations.



Orange County Office Market Report
2Q19
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Orange County Industrial Market Report
2Q19
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