Paul Marshall, Southern California division president for Opus West, tells GlobeSt.com that the project is being designed to meet the demand both for office space for rent and office buildings for sale. He explains that growth coming out of Los Angeles and up the 101 Freeway has increased the demand for rental and for-sale product in Camarillo and other nearby markets, where the office market availability rate stands at about 7.5%.

One element of the Opus development will be a two-story, 54,360-sf multi-tenant office building for lease, while the other element will consist of 72,690 sf of office condominiums for sale. Marshall tells GlobeSt.com that the office condos are expected to attract buyers who live near the new Opus project, own businesses and are looking for office space near their homes.

The Opus development is one of the few projects of its size being developed in Ventura County because of the diminishing availability of land and local regulations that developers must meet to gain project approvals. Among these is a provision that prohibits the development of agricultural land without a county-wide referendum passing by a two-thirds vote.