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ORANGE COUNTY-Market fundamentals for the Orange County office sector continue to improve, experts say. Vacancy continues to tighten as available space becomes ever scarcer, lease rates have begun to increase modestly from second-quarter figures and absorption—particularly in the class-B space—is up.

According to a report from Voit Real Estate Services, an overall increase in investment activity in the coming quarters is expected, and an increase in leasing activity is also anticipated as many short-term lease deals come up for renewal. “As job creation continues and consumer confidence stabilizes, the office market will continue to recover,” the report states.

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