3rd QUARTER 2016- ORANGE COUNTY OFFICE MARKET REPORT
Of the seven notable projects existing and underway and totaling more than 1 million sq. ft. in Orange County – The Habitat, Avalon, Axis, 33.7 North, 1701 Quail, The Press and The Hive – only The Habitat in Irvine is leased up. In August developer Bixby Land Company landed Karma Automotive for the entire 262,462 sq. ft. project. Outside of a handful of 10,000-sq.-ft. to 12,000-sq.-ft. tenants, other landlords offering 40,000-sq.-ft. to 50,000-sq.-ft. spaces have yet to sign any major leases. -Lee & Associates, Inc.