Orange County Office MarketView Insert Q4 2019
January 22, 2020
- Technology firms accounted for 36% of leasing activity in Q4 2019, leasing over 300,000 sq. ft. in OC.
- Creative and high-amenity product outperformed on key real estate performance indicators as landlords sought to attract and retain tenants and tenants sought to attract and retain talent.
- The average asking lease rate increased to $3.04 per sq. ft. per month, up $0.08 or 2.7% year over year.