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Doug ResslerOrange County office investment activity ramped up in the third quarter. According to a new report from Yardi Matrix, office investment activity increased 130% in the third quarter, and the market accounted for three of the top office transactions in Southern California. The growing economy and expansion of local employers helped to drive the growth in the office market, making for nearly the strongest investment market this cycle.

“The Orange County office market grew at a healthy pace in the third quarter, based on the strength in the economy as employers continue to expand,” Doug Ressler, director of business intelligence at Yardi, tells GlobeSt.com. “We see growth is stronger than it has been in nearly a decade.” Ressler adds that Orange County is the most “dynamic business sector office market in the L.A. Basin.”

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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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