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OC Developers Talk Redefining Space

IRVINE, CA—Whether it is rehabbing old office or building 'creative industrial' space, today's Orange County developers continue to redefine space to meet today's workplace and demands, say panelists at RealShare Orange County.

By Natalie Dolce | Updated on August 20, 2015

IRVINE, CA—There are some really good things going on in Orange County’s office market. That is according to Robert Caudill, a regional director in the O.C. office of Colliers International, who served as moderator in the development panel at RealShare Orange County on Tuesday.

Caudill joined panelists—and the nearly 700 in attendance—to discuss the Orange County office market and some key projects in the works. He pointed out that vacancy rates continue to decline with the overall market at 13.6%, but he said that about 4% of that isn’t really leasable space. He also noted that absorption continues to move up, construction is up and rental rates continue to climb—up 12% this year alone.

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