JLL OC’s Jeff Ingham and Bryce Mordoff featured on GlobeSt.com on the Q1 OC office stats

0 CommentsBy

Bryce-JeffGlobeSt.com featured JLL OC’s Jeff Ingham and Bryce Mordoff in their article “Office Picture is Brighter Than it Looks.”

Jeff Ingham, Senior Managing Director and Bryce Mordoff, Senior Research Analyst were featured sharing their thoughts on Q1 Orange County office stats:

“We predicted a couple of years ago that there would be an absolute lull in leasing in the 2013-2014 time frame,” Ingham tells GlobeSt.com. “A lot of tenants were doing blend and extend leases in 2012, and landlords were looking to refinance their buildings. A lot of transactions occurred in 2011-2012 that were lease expirations. Some of the renewals that would’ve occurred this year and last year actually took place in 2012.”

Ingham says the county’s office leasing activity is significantly higher than it was this time last year. “Now we see more natural lease activity coming up with companies expanding and leases expiring in 12-18 months. This is more normal, and we expect 2014 to be much more normalized. Companies are not doing blend and extend or early renewal. This is typical growth and natural leases coming up for renewal.”

To read the complete article, click here: Office Picture is Brighter Than it Looks

Tweet this: #JLL OC’s Jeff Ingham and Bryce Mordoff featured on #GlobeSt.com on the Q1 OC office stats #http://bit.ly/1l94Pjr @JLLNews

Leave a Reply

Your email address will not be published. Required fields are marked *