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How VC Funding Affects OC Office

IRVINE, CA—Increased funding for fledgling companies, many of which are software firms, allows them to grow and take down larger swaths of office space, JLL's Curtis Ellmore tells GlobeSt.com in this EXCLUSIVE look at VC funding in OC.

By Carrie Rossenfeld | Updated on January 20, 2016

IRVINE, CA—Increased venture-capital funding for fledgling companies, many of which are software firms, allows them to grow and take down larger swaths of office space in Orange County, JLL‘s SVP Curtis Ellmore tells GlobeSt.com. The firm recently found that high-tech investment volume has grown in this market in five consecutive quarters, with the software industry attracting the highest amount of venture-capital funding. With $467.6 million raised last year as of the end of Q3, total year-to-date funding for that time period in 2015 was 120.1% higher compared to the same time period the previous year, with VC funding concentrated in the Airport Area and South County submarkets. We spoke exclusively with Ellmore about VC funding in the software industry and how it relates to commercial real estate.

GlobeSt.com: Why is the software industry attracting the most VC funding in Orange County?

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