Figures

Orange County Office Figures Q2 2026

Office market continues gradual recovery amid improving fundamentals

July 10, 2026 5 Minute Read

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  • The vacancy rate shifted up slightly 10 bps to 13.3% in Q2 2026 from its adjusted Q1 2026 rate of 13.2%.
  • Total availability rate shifted downward by 150 bps to 18.0% in Q2 2026, down from the adjusted rate of 19.5% in Q1 2026.
  • Net absorption recorded negative 117,000 sq. ft. in Q2 2026, a marginal improvement from the negative 321,000 sq. ft. recorded in Q1 2026.
  • In a large shift, the average direct asking lease rate increased $0.05 to $2.89 FSG per sq. ft. per month in Q2 2026.