Hot summer for OC property sales

Commercial real estate sales in Orange County, California, remain below levels from the days of historically low interest rates, but a strong year-over-year surge indicates growing buyer interest and increasing buyer engagement. Market participants have noted that bid-ask spreads remain formidable but have narrowed. Combined capital investment across the office, industrial, retail, and multifamily sectors in Orange County totaled $2.1 billion in the second quarter, up 38% from the same quarter a year prior.