Orange County Office MarketView Insert Q4 2019

January 22, 2020

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  • 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.