IRVINE, CA—Subleaseavailability has increased in the Orange County office market since 2012, but the driversbehind subleasing are largely threefold, JLL VPScott Wetzel tells GlobeSt.com.
Recent research from the firm shows that as of July, there are32 blocks of sublease space of at least 20,000 square feet inOrange County. A majority of the space (677,382 square feet) islocated in the Airport Area, with the greatest concentration foundin Irvine with 529,040 square feet. South County has the secondhighest amount of available sublease space with 106,176 squarefeet. Also, the mortgage industry contributes 167,389 square feetof space to the market, followed by technology(128,064 square feet) and energy/utility (99,301 square feet)companies.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
