Figures

Orange County Office Figures Q4 2025

Despite modest negative net absorption, leasing activity accelerated to end 2025

January 9, 2026 5 Minute Read

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  • Lease activity increased to 336 deals in Q4 2025 from 303 deals recorded in Q3 2025.
  • Net absorption slipped back to negative 50,000 sq. ft. in Q4 2025, after showing positive gains the previous quarter.
  • Average asking rates shifted up $0.02 to $2.83 FSG per sq. ft. per month. It was last at this rate in Q2 2025.
  • Availability and vacancy both moved lower, recording lowest rates of 2025:
    • Availability Rate: 21.4%
    • Vacancy Rate: 14.7%
    • Direct Vacancy: 13.4%