September 3, 2015
Orange County’s office market is performing extremely well, contrary to popular opinion because of the downturn it dealt with during the great recession.
Jay Carnahan, managing partner at Orion Property Partners, points out that the market is 92-percent leased, and rents are on the rise. Carnahan said that rents will continue to increase in Orange County, matching other major cities throughout the country which receive accolades for their strength in the office sector.
Orion, based in Irvine, has completed seven million square feet in leasing since its founding in 1999, and nearly 10 million square feet in tenant representation.