Orange County Retail Figures Q2 2025

—  The Orange County retail market closed Q2 2025 with an availability rate of 4.0%, up 40 basis points (bps) from Q1 2025. The increase reflects retailers "wait-and-see" stance following the Liberation Day tariff announcement.

— The retail market saw 391,000 sq. ft. become vacant in Q2 2025, a significant shift from the 63,000 sq. ft. of positive net absorption in Q1 2025. The negative absorption was primarily caused by a wave of bankruptcies among major retailers, including Rite Aid, Jo-Ann, Big Lots, and At Home.

— No properties were delivered in Q2 2025, compared to 7,000 sq. ft. in Q1 2025, as elevated construction cost and a cautious market outlook continued to delay new development.

— The asking rent declined $0.08 in Q2 2025 to $2.54 NNN per sq. ft. per month as slower leasing activity and increased availability placed downward pressure on rents.

— Retail investment sales amounted to $305.7 million in total volume in Q2 2025, compared to $300 million in Q1 2025, signaling steady investor interest despite continued economic uncertainty.