Orange County Office MarketView Insert Q1 2020

April 14, 2020

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  • Innovation Park started construction and will add 550,000 sq. ft. to the market when completed. The Irvine Company’s strong investment in the region signifies its confidence in the market and growth expectations.
  • The average asking lease rate increased 2.7% year over year in Q1 2020 due to strengthening demand in already tight markets and tenant expansions.