JLL Senior Vice President Jay Nugent sat down with GlobeSt.com for an exclusive interview in their article “Diversity Of OC Economy Reduces Risk”. In the article, Nugent discusses how the Orange County market has protected itself from major downturns by housing a large variety of industries. “For the first time, we don’t have all our eggs in one basket, and that would really be a negative driver if we did. If there’s a pullback in the national economy, we will pull back like everyone else.” He adds, “we would ride the waves, but it wouldn’t be a crash event.” Nugent also addresses the factors he believes will impact the market into 2016 as well as how new Orange County construction will impact rental rates.
To learn more, please read the full article here