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A weekly look at office and industrial real estate in the county. : IRVINE COMMERCIAL REAL ESTATE

A look at commercial real estate data in an Orange County community as of Dec. 31, 1988. OFFICE BUILDINGS Existing Buildings Number: 133 Total square feet: 10,350,901 Vacant space: 2,372,486 Vacancy rate: 22.92% Buildings Under Construction Number: 21 Total square feet: 2,162,439 Committed space: 510,800 Committed, percentage of total: 23.62% Monthly Lease Rates Per Square Foot Existing Vacant Office Space Average: $1.90 Low: $0.79 High: $3.60 Space Under Construction Average: $2.06 Low: $1.85 High: $2.50 Industrial Space Square feet, existing and under construction: 5,083,598 High Tech/Research & Development Space Sale price per square foot Average: $100.44 Low: $70.04 High: $143.45 Lease price per square foot Average: $0.84 Low: $0.45 High: $1.20 Manufacturing/Warehouse Space Sale price per square foot Average: $102.63 Low: $95.00 High: $109.50 Lease price per square foot Average: $0.61 Low: $0.42 High: $0.85 Source: Coldwell Banker


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