Orange County’s medical office market showed signs of stabilization in the third quarter of 2025, with vacancy rates declining to 9.3% after a turbulent start to the year. Tenant occupancy expanded by over 100,000 square feet during the quarter, marking a rebound from the heavy occupancy loss in the first quarter. Despite the gains, vacancy remains about 80 basis points above pre-pandemic levels, leading investors to lower rents in 2025 for the first time in several years.
Rents for Orange County medical offices hit the skids
Vacancy declined in recent months but is still higher year over year
CoStar Analytics
November 7, 2025 | 10:06 P.M.
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