Orange County Office Market
| Average Asking Rent (Price/SF/Mo) | $2.75 |
| Vacancy Rate (%) | 15.4% |
| Net Absorption (SF) | -479,166 |
Touring and leasing activity have begun to pick up in the metro as pandemic-related restrictions ease and workers return to the office. Space inquiries are increasing, and more longer-term requirements and negotiations are taking place. However, the Airport area is lagging neighboring submarkets.
Download Orange County Office Market Report 2Q21Orange County Industrial Market
| Average Asking Rent (Price/SF/Mo) | $1.21 |
| Vacancy Rate (%) | 2.3% |
| Net Absorption (SF) | 784,376 |
Warehouse contract rents for direct leases and renewals over 50,000 square feet in spaces with a 30-foot and greater clearance height ranged from $1.14/SF to $1.31/SF in the first half of 2021. This compares to a $0.79/SF to $0.86/SF range in the same period of 2020.
Download Orange County Industrial Market Report 2Q21