The tech industry is growing in Orange County, and just as it has in other Southern California markets, it promises to have a big impact on the office market. The Irvine Co.’s UCI Research Park, a 185-acre business park undergoing a major reinvestment, has signed leases with four new tech tenants totaling 100,000 square feet. The tenants include Cloudvirga, Rauxa, Ready at Dawn Studios and Urovant Sciences. These leases are indicative of the market’s growing tech market.

“There are many factors [driving growth]. One of the most important is access to world-class talent,” Tom Greubel, VP of leasing at Irvine Co. Office Properties, tells “Orange County is home to UC Irvine, one of the nation’s top research universities, which has more than 17,500 students currently majoring in S.T.E.M. subjects. Meanwhile, UCI Applied Innovation is accelerating the incubation of our already thriving innovator ecosystem.”

Quality of life and warm year-round weather has also helped to attract companies, including tech titans Blizzard Entertainment, Cylance, Amazon, Edwards Lifesciences, all of which have established roots in the market. In addition, the market is home to hundreds of smaller firms and start-ups from the tech, fintech, bioscience and innovation firms, according to Greubel. “Combine all those factors with the modern amenities offered at UCI RP, Discovery Park, Spectrum Terrace and our other vibrant workplace communities and it quickly becomes clear why Orange County generally and Irvine specifically have arrived as renowned innovation hubs,” he says.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

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 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.

More from this author



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.