Tag Archives: office

Irvine’s Intersect office campus undergoes major redevelopment

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A reason to celebrate

JLL Orange County’s partnership with investment group Hines is about to hit a major milestone as their $25 million redevelopment of Irvine office campus Intersect is nearly complete. The 436,000 s.f. project now offers tenants a whole slew of cutting-edge amenities including a ground-floor gym, new lobbies, a basketball court,… Read More

SoCal 10 top tens of 2017

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2017 was an extraordinary year.

We gathered together to watch a historic solar eclipse. We sang “Despacito”. We cried when the Dodgers finally made it to the World Series, and then cried again when… We gasped when we learned Moonlight actually won Best Picture and we supported each other when catastrophic hurricanes and… Read More

Own a tech firm in California? Locating it in OC will save a company millions

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Orange County snapshot

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  • This analysis takes into account 20,000 square feet of office space, 134 employees (based on 150 square feet per employee), and a five year lease with 3 percent annual rent increases.
  • Orange County’s tech industry is expanding due to the highly talented and educated workforce (including the large
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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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