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Scott Wetzel Scott Wetzel

Tech investment in Orange County jumped 22.5% year-over-year in the first quarter 2018 with $67.7 million in tech capital investment, according to a report from JLL. The majority of this capital, $34.8 million, went to software firms, and the average investment size was $5.6 million. In 2017, tech investment totaled $381 million in Orange County, but in 2016, tech investment reached $669 million. With this surge at the start of the year, the market may be on track to surpass last year’s numbers. To find out more about this investment activity and how it is impacting the office market, we sat down with Scott Wetzel, VP at JLL.

GlobeSt.com: What drove this surge in tech investment in the first quarter of 2018?

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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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