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Office rents in Orange County may be heading down. According to research from JLL, the Orange County market has an increasing supply of large blocks of office space. Currently, the market has 60 blocks of at least 50,000 square feet of space, the majority of which is in the airport area of Orange County. The redevelopment of class-B office space is adding to the supply as well. While that is good news for tenants—who now have their choice of space—it could mean that landlords will be making allowances on rents. To find out more about this trend in the Orange County office market, we sat down with Jeff Ingham, senior managing director at JLL.

GlobeSt.com: Why is there such a surplus of large blocks of office space in Orange County?

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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