Office Investors Picking ‘Anything With a Pulse'

ORANGE COUNTY, CA—Office properties up for sale in Orange County are so scarce that investors are looking beyond their “comfort zones” in order to purchase assets. According to a mid-second-quarter report from Voit Real Estate Services, “investors are now reaching beyond the best submarkets to pluck up anything with a pulse.”

Jerry Holdner, VP of market research for Voit, tells GlobeSt.com, “There are so few class-A assets out there at the moment for sale and a lot of investors are looking for buildings. In Orange County, they like to buy class-A office assets, which are mostly in the Irvine submarkets, but now they’re looking in North County, West County and different parts of the market where they typically haven’t looked before. They’re extending their geographical reach.”