Posts by Brett Lessman

Demand Rushing to Amenity-Rich Office Campuses & Supply Constraint on Industrial Continues

on November 07, 2019

The Orange County office market currently sits at a 10.2% vacancy mark with a quick increase in new, relet and sublet space. The average asking rent in Orange County has increased very slightly up to $2.60/SF gross, which is up a penny from the previous quarter. We have seen the “flight to quality” continue throughout the region with tech and financial services driving the charge and leaving the older high-rise and amenity-lacking product behind.

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About this Author
Brett Lessman

Brett Lessman

Brett Lessman is a senior vice president of Hughes Marino, an award-winning commercial real estate company specializing in tenant representation and building purchases with offices across the nation. Contact Brett at 1-844-662-6635 or brett@hughesmarino.com to learn more.