October 26, 2016
An analysis of the 30 leading U.S. and Canadian tech markets reveals that Orange County ranks No. 3 for office rent growth. CBRE’s Tech-Thirty list found that OC office rents increased 24.3% in the past two years, just behind Silicon Valley at 28.4% and Raleigh-Durham with 24.6%.
CBRE’s Travis Boyd notes the market has experienced increased demand from tech companies. He says, “This is perhaps in part due to the high cost of office space in the Bay Area. While the OC isn’t cheap, companies are realizing you can come here and grow here.”
Boyd represents a number of tech clients who have found Orange County an ideal location for start-ups and growth as a result of “access to a great labor pool and the high quality of living.”
For comments, questions or concerns, please contact Dennis Kaiser