Real Estate Trends
Orange County Office Net Absorption (in millions of square feet)
Six-quarter average: 0.70 million square feet
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.