This isn’t your parents Orange County…tech leads all in large block leasing activity
Leading up to the Great Recession Orange County’s office market was significantly comprised of mortgage companies and related services
August 14, 2019
- Leading up to the Great Recession Orange County’s office market was significantly comprised of mortgage companies and related services. Since then, the local economy has unquestionably diversified with a highly skilled and educated workforce with tech at the forefront of this transformation.
- Since the start of 2018, tech companies are responsible for leasing one quarter of office spaces 20,000 square feet and greater. These companies come from a wide spectrum of sectors including but not limited to software, fintech, gaming, and electronics. A few of the companies recently leasing space include Acorns, Allied Esports Entertainment, Epson, and Skyworks Solutions.
- Seventy percent of tech leasing activity has occurred in the Airport Area, while 50 percent of the overall large block leasing took place in the Airport Area.
Source: JLL Research