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Orange County office market tightens further

Vacancies fall as tenants expand and older buildings are purchased for redevelopment
The 1.05-million-square-foot Chet Holifield federal office building site was sold to Hoag for redevelopment. (CoStar)
The 1.05-million-square-foot Chet Holifield federal office building site was sold to Hoag for redevelopment. (CoStar)
CoStar Analytics
August 10, 2026 | 8:49 P.M.

Orange County's office market is tightening even as job growth remains muted, with occupancies rising and available space shrinking as tenants take more space and obsolete properties are removed from inventory. A healthy pipeline of redevelopments will further compress supply in the years ahead.

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