February 16, 2016
High-tech investment volume remains strong in Orange County, recording more than $100-million in five consecutive quarters, with the software industry attracting the highest amount of venture capital funding, according to a report from JLL.
With $608.9-million raised in 2015, total funding is 94-percent higher compared to 2014. The funding is concentrated in the Airport Area and South County submarkets. Growth in the high-tech sector has been a key driver in Orange County’s growing economy and commercial real estate market.
Companies located in the city of Irvine drew the most VC funding at more than $384-million, while Newport Beach came in a distant second at $60-million.