Orange County Office Market
| Average Asking Rent (Price/SF/Mo) | $2.79 |
| Vacancy Rate (%) | 16.1% |
| Net Absorption (SF) | -111,818 |
South County continues to lead other submarkets in net absorption gains as tenants commit to Class A, trophy space. The greater market’s top four move-ins were all in Irvine Spectrum, with the CoStar Group, Supernal, Sega of America and Glasir Group collectively occupying 283,529 square feet.
Download Orange County Office Market Report 3Q22Orange County Industrial Market
| Average Asking Rent (Price/SF/Mo) | $1.56 |
| Vacancy Rate (%) | 1.56% |
| Net Absorption (SF) | 1,342,899 |
Orange County is an excellent location for electric vehicle companies seeking technical labor and proximity to industry players. The University of California Irvine currently serves more than 4,500 engineering students and provides a large pool of potential workers for companies already in the market, such as Karma, Evevate, Mullen Automotive and Rivian.