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Employment Diversification is Changing OC Real Estate

IRVINE, CA—The healthcare and life-sciences industries have been expanding their presence in Orange County, creating a more diversified economy that positively impacts the real estate market, JLL’s Jeff Ingham tells GlobeSt.com.

Jeff Ingham Ingham: “In the Airport Area alone, there are nearly 3,000 multifamily units currently under construction with another 5,700 units approved for development.”

IRVINE, CA— The healthcare and life-sciences industries have been expanding their presence in Orange County, creating a more diversified economy that positively impacts the real estate market, JLL senior managing director Jeff Ingham tells GlobeSt.com. According to the firm, in 2007, the Orange County economy was heavily influenced by the financial-activities sector—specifically, the mortgage industry, but current economic growth is being led by a diverse set of industries including healthcare, technology, life sciences and business services.

We spoke with Ingham about the Orange County market’s employment-industry growth and how he sees this changing moving forward.

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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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