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 June 30, 1989.
OFFICE BUILDINGS
Existing Buildings
Number: 76
Total square feet: 4,457,532
Vacant space: 1,064,940
Vacancy rate: 23.89%
Buildings Under Construction
Number: 13
Total square feet: 1,333,132
Committed space: 225,362
Committed, percentage of total: 16.91%
Monthly Lease Rates Per Square Foot
Existing Vacant Office Space
Average: $1.74
Low: $1.10
High: $2.35
Space Under Construction
Average: $2.00
Low: $1.70
High: $2.30
High Tech/Research & Development Space
Sale price per square foot
Average: $109.83
Low: $71.43
High: $160.00
Lease price per square foot
Average: $0.83
Low: $0.40
High: $1.27
Manufacturing/Warehouse Space
Sale price per square foot
Average: $71.23
Low: $32.60
High: $97.00
Lease price per square foot
Average: $0.60
Low: $0.42
High: $0.85
Source: Coldwell Banker
