OC Market Report Newsletter
Personal Message
The author recently discovered that some clients mistakenly believed he had abandoned the Orange County market to focus exclusively on Los Angeles or national accounts. This misunderstanding prompted reflection on the importance of consistent communication about capabilities and accomplishments. Despite expanding service offerings, the author remains committed to Orange County after 15 years in commercial real estate.
Market Reports
Office Market
Landlords reduced rental rates in 2018 as leasing activity declined. Class A properties saw the strongest leasing in three years, while Class B buildings experienced negative absorption of 896,630 square feet with contraction across three quarters.
Industrial Market
Orange County's industrial sector maintained healthy demand in 2018, with vacancy remaining at 4% or lower for 16 consecutive quarters. However, leasing activity hit its lowest level in a decade, and rent growth slowed. Limited availability has forced many tenants to compromise on space requirements.
Special Offers
New Clients: Receive $500 credit toward architectural space planning services for existing or new spaces.
Referrals: Refer a client and receive $500 toward professional interior photography or 3D virtual tours to enhance marketing materials and web presence.
Video Educational Series
The author is producing instructional videos covering commercial real estate leasing fundamentals, assignment frameworks, and executive support strategies.
Contact Information
Email: jbsmith@lee-associates.com | Phone: 949-790-3151