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The Central Orange County office market has had anemic start to the year, losing two large tenants to the Airport Area, but vacancy and rental rates remain strong.
With rapid population growth, urbanization and increasing institutional capital investment on the horizon, the industry will to create efficiency through technology to keep up.
The park will be a significant teaching tool with extensive labeling of the more than 600 trees and plants within 12 smaller gardens keyed to a variety of plant life and environmental conditions.
The value of a multi-tenant office asset, $58.75 million, created significant bidding depth and a lease for the remaining vacancy was negotiated with WeWork during the marketing process, bringing the tenancy to 100%.
Austin moved up two spots to number six on CBRE's Tech Talent Scorecard, part of its Tech Talent Report, which ranks 50 US and Canadian markets according to the ability to attract and grow tech talent.