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.
GlobeSt.com: What is Orange County's position on the tech market?
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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.
