Irvine Co. Sees Rebound in Office Leasing in Six Months

Notable office owner the Irvine Co. has seen a resurgence in office leasing activity in over the last six months during the pandemic. The firm closed 2 million square feet in lease transactions with more than 200 companies in its Orange County portfolio. These transactions included lease renewals, new leases and lease expansions.

“Companies and their employees recognize the value of the office for innovation, collaboration, culture and more. Gensler recently published a study that stated only 12 percent of employees want to work from home in the future. Of course, during a pandemic, wellness and flexibility became major focal points. We offer optimal ventilation and air filtration systems, touch free environments, disinfection protocols beyond CDC guidelines and other industry-leading safety protocols to help customers come back to the office with confidence,” Thomas Greubel, VP of leasing at the Irvine Co. office properties, tells GlobeSt.com. “We also offer more than 1,000 spacious outdoor open-air meeting and gathering areas, which are desirable and increasingly important meeting hubs, particularly when physical distancing is required.”