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OC residential density increases with further multifamily development

May 26, 20170 CommentsBy JLL Orange County

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 is projected to

Passenger activity at John Wayne Airport increases 21% since 2010

March 16, 20170 CommentsBy JLL Orange County

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 on the local

How much have OC office rents grown since 2010?

March 2, 20170 CommentsBy JLL Orange County

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 submarket is not

OC office rents nearing market peak levels

February 9, 20170 CommentsBy JLL Orange County

Orange County chart of the week

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

Multifamily construction rises in the Airport Area

January 26, 20170 CommentsBy JLL Orange County

Orange County chart of the week

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 development and 1,895