Irvine Business Complex Space Absorption Now 86%

Absorption of major office space in the Irvine Business Complex has risen to 86%, representing a 4% increase in the past six months, according to the Irvine Business Complex consortium.

The consortium consists of 11 developers, according to Jay Carnahan, vice president for marketing for Transpacific Development Co., one of the 11. About 6.5 million square feet of the available 7.6 million square feet in major projects had been leased as of Oct. 31.