ORANGE COUNTY, CA—A quiet market whose property sectors all have strong fundamentals, Orange County has an office sector that bounced back from the recession faster than L.A.'s and an industrial sector that just won't quit, CBRE's head of Southern California research Petra Durnin tells GlobeSt.com. In the wake of the firm's release of its Q3 reports for the region, we spoke exclusively with Durnin about the overarching trends she sees for Orange County commercial real estate and what she is expecting at the end of the final quarter.
GlobeSt.com: From your Q3 numbers, what overarching trends do you see among the various property sectors in Orange County?
Durnin: Market fundamentals are stronger than ever. Rents are rising across all product types and in all submarkets, and vacancy is in the single digits in all product types. There is unified health among all product types, which is great to see.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
