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Tech Cos. Still Drawn to OC’s Amenitized Space

Continued demand from this sector for the newest, most-amenitized and most expensive buildings in the market is to be expected in 2018, CBRE’s Allison Kelly tells GlobeSt.com.

Allison Kelly Kelly: “Companies that don’t appear to be tech, based on their name or the industry they are in, still fall into this category as far as the types of people they are hiring: computer engineers, programmers, etc.”

NEWPORT BEACH, CA—Continued demand from technology companies for the newest, most-amenitized and most expensive buildings in the Orange County market is to be expected in 2018, CBRE first VP Allison Kelly tells GlobeSt.com. According to a recent tech report from the firm, double-digit office-rent growth was achieved in 13 US markets over the past two years, led by Orange County with 23%. It was buoyed by tech employment in the OC, which increased 40.7% from 2015 to 2016, making tech the top-growing industry in Orange County.

We spoke with Kelly about the market’s position on technology and how it will play out in 2018.

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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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