• The vacancy rate stabilized at 3.4% while the average rental rate jumped from $2.42 per sq. ft. to $2.58 per sq. ft. due to lower rent space leasing out, pushing up the average.
  • Year-to-date net absorption in Orange County totaled 61,797 sq. ft. for 2019, attributable to small- and mid-sized deals with a few large-block absorptions.
  • Majority of the retail leases in Q2 2019 were signed by entertainment, restaurants, medical and fitness industries. Small- to mid-sized deals remained ample in the tight OC market.