Orange County Retail Figures Q2 2026

– The Orange County retail market's availability declined 20 basis points quarter-over-quarter to 3.7% in Q2 2026, matching the market's lowest recorded level, as strong leasing activity rapidly absorbed space vacated by retailer bankruptcies and limited new development kept supply constrained.

– Net absorption surged to 335,000 sq. ft. in Q2 2026, up from 62,000 sq. ft. in Q1 2026, as retailers backfilled newly available space across the market, reflecting strong underlying demand. Notable occupiers this quarter included LV Furniture Collection, Burlington Stores, and The Pickler.

–Only 13,000 sq. ft. delivered in Q2 2026, down from 65,000 sq. ft. in Q1 2026, as land scarcity and high construction cost continued to limit ground-up development opportunities across the county.

–The average net asking rent remained flat quarter-over-quarter at $2.55 NNN per sq. ft. per month in Q2 2026, as strong tenant demand and limited available supply continued to support pricing stability across the Orange County retail market.

–Retail investment sales totaled $130.6 million in Q2 2026, down from $442.7 million in Q1 2026, as activity normalized following the absence of four shopping center transactions exceeding $40 million last quarter.