Tag Archives: chart of the week

OC residential density increases with further multifamily development

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Orange County snapshot

  • At the end of 2007, there were 66,138 multifamily units in Orange County from midsize and large complexes, compared to a current total of 105,725. During this same time period, the local nonfarm labor workforce has expanded by 50,800 employees to 1,585,600.
  • From 2016 to 2021, Orange County
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Passenger activity at John Wayne Airport increases 21% since 2010

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Orange County snapshot

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  • 2016 marked the fifth consecutive year of rising passenger activity at John Wayne Airport, with a total of 10,496,511 passengers for the year.
  • Popular vacation destinations appealing to tourists and a strong business climate attracting corporate travelers are helping drive passenger growth.
  • John Wayne Airport has a significant impact
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How much have OC office rents grown since 2010?

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Orange County snapshot

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  • In addition to leading Orange County’s rent growth, the Airport Area surpassed 2007’s peak average asking monthly rental rate ($3.02 per square foot, full service gross) in Q4 2016 with a rent of $3.06 per square foot.
  • Although West County recorded the lowest rent growth since 2010, the
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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
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Multifamily construction rises in the Airport Area

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  • The growing local economy and jobs market has spurred multifamily development activity in the Airport Area, in particular to accommodate the increasing number of Millennials living in the area.
  • There are a total of 2,981 units under construction, with an additional 5,704 units approved for
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