The Office Advisory Group

Commercial Real Estate Services at Lee & Associates

Dedicated. Honest. Professional.

3rd Quarter Office Market Report- OC

Plenty of economists have prophesied about eight-year real estate and economic cycles to help explain the softening of office markets nationwide that has been widely reported this year.  It’ s clear that local office demand has lost some steam despite a still solid local recovery and a strong national economy that in Q3 grew at a 3% annual rate.-Lee & Associates, Inc.

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2nd Quarter OC Office Market Report

About 1.1 million square feet of new space has been added in the last eight quarters. Later this year, 545,000 square feet of premium space is due for completion near the airport. The Irvine Company recently began marketing 836,000 square feet of soon to be vacated space in the University research Park. Developers are planning to break ground on roughly 1.25 million square feet in the next 18 months on projects in the Airport and Central County submarkets and at the Irvine Spectrum -Lee & Associates, Inc

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Among the popular features of creative space are low-rise buildings, highly designed common areas and higher parking ratios that are valued by employers. These projects have attracted a number of 10,000-sq.-ft. tenants but few large tenants have materialized for the open floor plans of 40k sqft and up. This is why there was added importance to the 100,000 sqft Q1 lease of creative space at the Hive in Costa Mesa by the LA Chargers -Lee & Associates, Inc.

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First National Capital Expands with Lease in Anaheim Hills

ANAHEIM HILLS, Calif. - March 29, 2017 -  Lee & Associates Orange is pleased to announce that a lease was facilitated for 1,771-square-feet of office space at 8141 Kaiser Boulevard, for a total consideration of $155,000. Principal Marshal Vogt represented the tenant First National Capital, who is a provider of equipment and project financing, and is expanding operations in the Southern California market.

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Fenton, Grant, Mayfield, Kaneda & Litt LLP Relocate to Irvine Concourse

IRVINE, Calif. – March 29, 2017 - The Orange office of Lee & Associates, the largest broker-owned commercial real estate firm in North America, has facilitated the leasing of   6,282-square-feet of office space at 2030 N. Main Street, for a total consideration of $1.2 million. Principal Marshal Vogt represented the tenant, Fenton, Grant, Mayfield, Kaneda & Litt, LLP, who are construction defect attorneys.

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