Orange County Market Reports

3Q21

Terran Orbital, a leading provider of nano- and micro- satellites, signed the quarter’s largest lease for 89,068 square feet of sublease space, previously occupied by software developer Cylance, at 400 Spectrum Center Drive. Orange County’s net absorption would have surpassed 1.0 million square feet had Ricoh Electronics not vacated 500,625 square feet in Tustin in a downsize-relocation move to the Inland Empire.

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