OC office rents nearing market peak levels

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Orange County chart of the week2-6-17_COW_cropped

  • As of Q4 2016, Orange County Class A asking rents have increased 7.5 percent over the last 12 months.
  • With healthy vacancy levels, the Orange County average asking rent is 4.5 percent below the pre-recession market peak, leaving room for additional growth.
  • New deliveries in 2017 in the Airport Area and South County will continue to put upward pressure on asking rents.

Source: JLL Research. Note: South County market trough occurred in 2012.

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Visit our Orange County Research Group page for additional market insight: Orange County – Research

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