Figures

Orange County Office Figures Q1 2026

Office Market Stabilizing Amid Persistent Demand Headwinds

April 10, 2026 5 Minute Read

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  • Vacancy ticked up 40 bps quarter-over-quarter to 14.6% in the Orange County office market
  • Net absorption totaled negative 321,497 sq. ft., driven by small and mid-sized move outs 
  • Asking lease rates increased $0.01 per sq. ft. per month quarter-over-quarter to $2.84 FSG 
  • Construction remained stagnant quarter-over-quarter with one project totaling 168,000 sq. ft. underway at the end of Q1 2026