South Orange County is quickly becoming the 'Downtown' of theOrange County office market—stealing the title from the AirportArea. South County has seen migration from other popular officemarkets, namely the Airport Area, and in the first quarter, thesubmarket led office absorption in Orange County, logging 864,000square feet, according to the first quarter report fromNewmark Knight Frank. Broadcom's660,000-square-foot lease at Five Point Gateway in Irvine accountedfor the majority of the leasing activity, while class-B renovationshelped fuel rent growth—making the market the most expensive inOrange County. To find out more about the South County market, wesat down with George Thompson, senior managingdirector at Newmark Knight Frank, for an exclusive interview.
GlobeSt.com: What is driving activity in the SouthOrange County market to the extent that it has become a leader inthe office market?
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.