Tag Archives: COW

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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Orange County chart of the week1-23-17_COW_cropped

  • 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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The tale of the tape for California markets

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Orange County chart of the week

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  • Although rents of the Orange County Class A office and industrial markets have increased 42.5 percent and 41.5 percent respectively since the market trough, business owners will find Orange County to be more affordable than other California markets.
  • Mature and startup companies are drawn to Orange
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Large industrial blocks diminishing in Orange County

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Orange County chart of the week

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  • Orange County has the second lowest vacancy in the country, behind only Los Angeles, and is well below the U.S. vacancy rate of 5.8 percent.
  • Occupiers with requirements greater than 100,000 square feet have seen the number of space options decline for six consecutive years.
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