Orange County Office Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from Cushman & Wakefield, JLL, CBRE,
Quarterly office market indicators for Orange County, aggregated by CREhunt from Cushman & Wakefield, JLL, CBRE, . As of Q1 2026, average asking rent was $10.11/SF with a 7.0% vacancy rate.
Projected current office pricing — Orange County
Projected asking rent
$33.48/SF/yr
Estimated sale value
$184–$239/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 Q1 2026 reported data (cap rate 7.4%, asking rent held flat). Assumes ~81% occupancy and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $10.11/SF | 7.0% | 23.1M SF | — | Cushman & Wakefield |
| Q1 2026 | $50.00/SF | 19.9% | 30.0M SF | — | JLL |
| Q1 2026 | — | 9.5% | — | — | CBRE |
| Q1 2026 | $33.48/SF | 18.7% | 610K SF | — | |
| Q4 2025 | — | — | 0K SF | — | Cushman & Wakefield |
| Q3 2021 | — | 18.8% | 0K SF | — | Cushman & Wakefield |
| Q3 2021 | — | 15.5% | 1.2M SF | — | |
| Q3 2017 | $42.36/SF | 13.9% | 1.5M SF | — | Cushman & Wakefield |
| Q3 2017 | — | 11.4% | 2K SF | — |
Frequently asked questions
- What is the average asking rent for office space in Orange County?
- As of Q1 2026, the average asking rent for office space in Orange County was $10.11/SF, per Cushman & Wakefield.
- What is the office vacancy rate in Orange County?
- The office vacancy rate in Orange County was 7.0% as of Q1 2026 (Cushman & Wakefield).
- Where does CREhunt's Orange County market data come from?
- This report aggregates quarterly office market data for Orange County from Cushman & Wakefield, JLL, CBRE.
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