Orange County

Second quarter leasing reports show strong tenant demand, rising rental rates and a low 3.5% vacancy rate.

AB 448, which is expected to pass next month, will help Orange County set up a trust to develop 2,700 units of low-income housing.

Stream Realty Partners is heading into an expansion phase, and Martin Pupil, who is leading the charge, says that if a downturn happens, it will only accelerate growth.

The 16 industrial and warehouse properties that comprise the industrial portfolio collectively total nearly 3 million square feet across Washington, Nevada, California and Arizona in seven markets.

Office leasing activity grew to 1.9 million square feet in the second quarter, but still fell short of the 2.1 million square foot historical average.

While some sales are breaking records, overall, retail sales volumes are down $768 million throughout the state this year.

The office vacancy rate remained relatively flat in the second quarter, but new office product is being absorbed.

In April and May, the unemployment rate in Orange County was 2.6%, the lowest rate in nearly 20 years.