Posts by Hughes Marino

The Orange County Office Market: Availability and Sublease Inventory Trends

Hughes Marino on July 23, 2024

Halfway through 2024, the Orange County office market continues to grapple with the aftermath of the pandemic and shifting workplace trends. While many tenants have had the opportunity to downsize in line with their evolved office space needs, almost half of all office tenants are still operating in their pre-Covid footprints as their leases have yet to expire. In the next four years, those tenants approaching their 2025-2029 lease expirations will generally downsize. Considering that many tenants have only recently felt confident enough to accept their new hybrid office reality, we’ll continue seeing increased supply in the Orange County office sector for at least the next 3-4 years as the remainder of the office tenants shed space.