Orange County Office Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Kidder Mathews, Savills, JLL, CBRE, Lee & Associates, Cushman & Wakefield, Colliers
Quarterly office market indicators for Orange County, aggregated by CREhunt from Kidder Mathews, Savills, JLL, CBRE, Lee & Associates, Cushman & Wakefield, Colliers. As of Q2 2026, average asking rent was $35.28/SF/yr and vacancy was 11.9%, per Kidder Mathews.
Projected current office pricing — Orange County
Projected asking rent
$35.28/SF/yr
Estimated sale value
$210–$273/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q2 2026 Kidder Mathews data (cap rate 7.4%, asking rent held flat). Assumes ~88% occupancy and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Kidder Mathews | $35.28/SF/yr | 11.9% | 54K SF | — | Kidder Mathews |
| Q1 2026 Savills | — | — | 1.3M SF | — | Savills |
| Q1 2026 JLL | $50.00/SF/yr | 19.9% | 30.0M SF | — | JLL |
| Q1 2026 CBRE | — | 9.5% | — | — | CBRE |
| Q4 2025 Lee & Associates | — | 13.7% | 1.0M SF | — | Lee & Associates |
| Q4 2025 Cushman & Wakefield | $34.56/SF/yr | 18.3% | — | — | Cushman & Wakefield |
| Q1 2025 Lee & Associates | $35.40/SF/yr | 14.7% | — | — | Lee & Associates |
| Q1 2025 Cushman & Wakefield | $34.68/SF/yr | 19.2% | — | — | Cushman & Wakefield |
| Q4 2024 Cushman & Wakefield | $34.56/SF/yr | 18.8% | — | — | Cushman & Wakefield |
| Q3 2021 Lee & Associates | $30.84/SF/yr | 15.5% | — | — | Lee & Associates |
| Q3 2018 Colliers | $34.44/SF/yr | 14.4% | -167K SF | — | Colliers |
| Q3 2017 Lee & Associates | $31.68/SF/yr | 13.7% | — | — | Lee & Associates |
Office asking rents by submarket
The newest asking rent a named brokerage's report published for each Orange County office submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| Anaheim Hills | $2.56/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Brea/La Habra | $2.85/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Buena Park/La Palma | $2.55/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Central County | $2.59/SF/mo Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| Central Orange County | $2.65/SF/mo CBRE · Q1 2026 | CBRE, Q1 2026 |
| Civic Center Area | $2.59/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Costa Mesa | $3.39/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Cypress | $2.57/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Dana Point/San Juan/San Clemente | $2.77/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| East Orange | $2.46/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Fountain Valley | $2.31/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Fullerton | $2.55/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Garden Grove | $2.04/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Greater Airport Area | $3.09/SF/mo CBRE · Q1 2026 | CBRE, Q1 2026 |
| Huntington Beach | $2.66/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Irvine Spectrum | $3.01/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Irvine/Tustin Legacy | $3.14/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Laguna Hills/Aliso Viejo | $2.68/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Laguna Niguel/Laguna Beach | $3.31/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Lake Forest/Foothill Ranch | $2.44/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Los Alamitos/Stanton | $3.03/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Main Place | $3.36/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Mission Viejo | $2.47/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Newport Beach | $3.93/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| North County | $2.67/SF/mo Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| North Orange County | $2.65/SF/mo CBRE · Q1 2026 | CBRE, Q1 2026 |
| North/East Anaheim | $2.60/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Parkcenter | $2.43/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Placentia/Yorba Linda | $2.35/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Santa Ana | $2.51/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Seal Beach | $3.48/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| South County | $2.77/SF/mo Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| South Orange County | $2.57/SF/mo CBRE · Q1 2026 | CBRE, Q1 2026 |
| South Santa Ana | $2.62/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Stadium Area | $2.07/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| The City | $2.93/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Tustin | $2.42/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| West County | $2.60/SF/mo Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| West Orange County | $2.67/SF/mo CBRE · Q1 2026 | CBRE, Q1 2026 |
| Westminster | $3.02/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
Frequently asked questions
- What is the average asking rent for office space in Orange County?
- As of Q2 2026, the average asking rent for office space in Orange County was $35.28/SF/yr, per Kidder Mathews.
- What is the office vacancy rate in Orange County?
- The office vacancy rate in Orange County was 11.9% as of Q2 2026 (Kidder Mathews).
- Where does CREhunt's Orange County market data come from?
- This report aggregates quarterly office market data for Orange County from Kidder Mathews, Savills, JLL, CBRE, Lee & Associates, Cushman & Wakefield, Colliers.
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