Orange County ranks 4th on West Coast for office space demand, report says – Orange County Register

Orange County is the fourth-largest office market on the West Coast and among the top 30 in the U.S. for office space, according to a report by CBRE Group in Los Angeles.

Research by CBRE indicates the technology and creative industries drove up leasing activity in the first three months of 2017 at 18 percent and 14 percent of total office demand, respectively.

Affordable rents and robust demand, CBRE wrote, have led to a substantial amount of construction, a decrease in vacancy and positive absorption. More than half of the 2.3 million square feet of office…

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