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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 GlobeSt.com. “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.

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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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