ORANGE COUNTY, CA-Call it Lucky 13. For the first time in 13quarters, Orange County’s office market posted positive netabsorption, according to a new report from Voit Real EstateServices. Not only that, the Voit report shows the first decline invacancy since 2006 and marks the second quarter in a row that atleast one of the firms tracking the county’s office market showedpositive net absorption in its quarterly survey.
Last quarter, CBRE showed a positive net while Voit’s figuresstill showed a negative net, albeit a much smaller negative numberthan in previous quarters. This quarter, both Voit and CBRE showpositive absorption in the county’s office market, Voit 432,837square feet on an inventory of 110 million square feet and CBREshowing 519,151 on an inventory of 100 million square feet.
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