Orange County continues to be the class of the Los Angeles Basin. With its sunny beaches and enviable weather, the OC has been a destination in and of itself, where people love to live as well as work. With a vacancy rate of 11.9% and 348,783 square feet of new office construction delivering through the end of 2019, expansion space is plentiful for regional and national tenants looking to expand or relocate.
What’s behind the momentum? Location, Location, Location.
The OC is a tourist center with attractions like Disneyland and Knott’s Berry Farm. Shopping abounds with several notable malls that include South Coast Plaza (the largest mall in California), Fashion Island and Irvine Spectrum. With a growing housing stock, and John Wayne Airport (which provides commercial passenger and air-cargo service), the OC is a transportation hub that appeals to institutional tenants and investors, as well as a growing educated workforce.
Looking Beyond the OC?
Whether your portfolio extends beyond the OC, or you simply want to understand how global real estate trends can impact your strategy, we’re here to help. Cushman & Wakefield has a strong market presence throughout Southern California, with 11 offices and over 275 brokerage professionals. Additionally, our clients benefit from market intelligence and insights drawn from 400 global offices in 70 countries.