Last year's office leasing activity in Orange County, California, did not make up for a slow first quarter and finished 2023 down after rising marginally over the prior two years. New leasing volume totaled 7.5 million square feet, falling from over 8 million square feet in 2022 and coming in 19% below 2019 pre-pandemic levels.
Orange County Office Leasing Velocity Slowed in 2023
With Office Usage Uncertain, Fewer Tenants in the California Region Committed To Large Blocks of Space
CoStar Analytics
February 26, 2024 | 8:46 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In