Real Estate Trends

Orange County Office Net Absorption (in millions of square feet)

Six-quarter average: 0.70 million square feet

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Orange County Office Vacancy Rates

1st-quarter 1998, with sublet: 9.0%

Without sublet: 8.1%

Note: Net absorption reflects the the gain in rented space. Vacancy rate is total vacant sqare footage divided by total rentable square footage in all existing buildings. Sublet space is space rented by primary tenants that is vacant and available for sublease.

Source: CoStar