611 Anton Blvd

Property Description
Located in the center of Orange County’s business, culture and entertainment district, Pacific Arts Plaza comprises of four Class-A office buildings that sit within a 1.6 acre outdoor plaza. Pacific Arts Plaza is the gateway into South Coast’s Theater & Arts District and is walking distance to dining, shopping and hotels.

550 N Parkcenter Dr

Property Description
01/05: CSD Investment, LLC purchased the building from Yorba Linda McCormack Business Park. Lee and Associates represented both the buyer and the seller. Please reference Comps# ORC-20253-03-0520 for more information.4/03: Yorba Linda McCormick Business Park Partners, represented by Lee & Associates, purchased the building. Voit Commerical/ Lee & Associates represented the seller, North ParkCenter (LLC). Please refer to COMPS# ORC-41729-05-0320 for further details.5/18/2000: CT Realty Corporation purchased 2000 East 4th St., 2101 East 4th St., 540 North Golden Circle Drive and 550 North Parkcenter Drive from Newport Federal for $24 million. Voit Commercial Brokerage negotiated both sides of the deal.2-story garden office building featuring an interior courtyard with Japanese garden and water features. All suites have both exterior and interior garden views.Located 2 blocks from the 55 and 5 Freeways.

17731 Irvine Blvd

Property Description
17731 Irvine Blvd. is a 31,5087-square-foot office building with a security system, on-site management, a landscaped garden courtyard, personalized space planning, signage and door-to-door U.S. mail deliver (Federal Express drop boxes). Excellent for professionals in a well maintained building.

The building is 15 minutes from John Wayne Airport and the Civic Center, and near 55, 22 and 5 Freeways.

Irvine Office Space Demand is improving in 2015

Published December 12, 2015 | By Irvine Office Space

image003The market for office space in San Diego are seeing a spike in leasing activity in 2015, as tenants lease more space to house the growing San Diego workforce.

As brought up in a recent article published on Dec. 1, 2014 from the SD Tribune, Offices set to go ‘Robust’ in 2015, By Roger Showley, many San Diego businesses are becoming more profitable. “Consequently, their staff count has risen, on average, by 12 percent. This equates to companies outgrowing their current space and requiring more space. As Tenants leases expire, companies in San Diego will soon be requiring larger space.'”

“January through October 2014 nationally, 679,000 office jobs were added, equating to a space need of 120-140 million square feet. But the actual leases will take down only a projected 65 million square feet this year. If job numbers hold up and leases start to be signed to accommodate more bodies, “net absorption will go from modest to robust in 2015.”

“For all its challenges, the office sector has slowly been tightening for four straight years,” he said, “and 2015 will be the first year where vacancy falls below its pre-recession average.”

Jobs are key, and they are growing in particular sectors, such as health care. Kaiser Permanente is expected to increase its office space to about 100,000 square feet in Mission Valley and Sharp Healthcare wants to build its own building of about 120,000 square feet in Rancho Bernardo.”

As for lab space, San Diego’s fastest growing business sector, industrial building owners in Sorrento Valley are converting their obsolete industrial spaces into Class “A” lab space suitable for high end bio-tech users.

This year alone, rental rates are projected to increase by 7% – 10%, and continue to do so year-to-year.

In San Diego, the fundamentals are all here, a highly educated employment base and a highly desirable business location, rental rates are bound to climb.

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