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OC Sectors Where Rent Growth is Strongest, Weakest

ORANGE COUNTY, CA—Industrial is still the darling thanks to supply/demand issues, while office trends have tenants taking less space and using it more efficiently, NGKF’s Greg May tells GlobeSt.com in this EXCLUSIVE look at Q3 reports.

Greg May May: “A lot of areas like Irvine are becoming urbanized with development going on, and this creates more foot traffic.”

ORANGE COUNTY, CA—Industrial is still the darling of the Orange County market, thanks to supply/demand issues, while office trends have tenants taking less space and using it more efficiently, NGKF’s regional director Greg May tells GlobeSt.com. Following the release of the firm’s Q3 reports for Orange County, we spoke exclusively with May about trends he is noticing across the sectors and where he sees strengths and weaknesses in this market.

GlobeSt.com: What are the main rental trends you are noticing in Orange County’s retail, industrial, office and multifamily sectors as of Q3?

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Carrie Rossenfeld

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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