Orange County Office Market
| Average Asking Rent (Price/SF/Mo) | $2.75 |
| Vacancy Rate (%) | 14.8% |
| Net Absorption (SF) | -698,593 |
Net absorption has been negative for five consecutive quarters, since the start of the economic downturn. Many tenants have implemented cost-saving measures, including downsizing and space givebacks, while most scheduled move-ins have been postponed. As vaccination counts increase throughout the region and offices progressively reopen, there will be a backlog of occupancy gains.
Download Orange County Office Market Report 1Q21Orange County Industrial Market
| Average Asking Rent (Price/SF/Mo) | $1.20 |
| Vacancy Rate (%) | 2.5% |
| Net Absorption (SF) | 818,377 |
Strong fundamentals have been a persistent trend for Orange County’s industrial market, as cited in previous market reports. Even in the face of the pandemic, the county proved resilient with tightening vacancies and healthy demand, giving landlords the upper hand in lease negotiations.