Look to Class B for Office Leasing

IRVINE, CA—Encouraging leasing data is coming from Orange County’s class-B office market. Voit Real Estate Services reports to GlobeSt.com exclusively that class-B space had the greatest amount of positive absorption in the first quarter of 2014, racking up more than 260,000 square feet.

According to Jerry Holdner, VP of market research for the firm, “Companies continue to expand in Orange County, which is bringing ongoing stability to the market. Research-oriented businesses, including IT, defense, medical and alternative-energy companies are most likely to lead the charge of positive absorption over the next few years.”