X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
George Thomson Thomson: “It’s been a race to value—not just flight to value—for all class-B tenants, large and small, as the large blocks have been substantially absorbed over the last eight quarters and the creative conversions have pushed rates to class-A project equivalents.”

IRVINE, CA—Since the economic rebound, there has been more than 900,000 square feet converted into creative-office space in the Airport submarket alone and almost as much set to be delivered in OC over the next 18 months, representing a direct shrinking of the class-B inventory, NKF’s senior managing director George Thomson tells GlobeSt.com. According to a Q4 2017 report from the firm, class-B inventory comprised 72.4 % of 2017’s net absorption gains in the Orange County office market. We spoke with Thomson about the availability of class-B office space, given how much in-demand it is and how much redevelopment into class-A space is happening in the market.

GlobeSt.com: Is class-B office space shrinking in Orange County with so much redevelopment into class-A space going on?

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?

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.

More from this author

 

GlobeSt

Join GlobeSt

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

  • Free unlimited access to GlobeSt.com'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 ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.