As in any industry, a product’s availability causes a natural friction between cause and effect within their market. For commercial real estate, the amount of office space, both available and occupied, can cause lease rates and occupancy percentages to fluctuate. Over the past year, construction has had a dramatic drop nation wide. With only 56 million square feet of development during 2011, construction development has shown to be at the lowest level of construction for office space since 1960 (reported by McGraw-Hill Construction). Some of the targeted variables for the decrease of construction were highlighted by The Wall Street Journal earlier this month. Such details

As 2012 continues to tread forward, industry professionals are happy to see 2011’s year end reports finish with strong absorption numbers; bringing a end to the 15 quarter streak in rental rate decreases. When reviewing Orange County office space for lease, strength in Class A buildings were a strong factor to the positive finish and continue to be a leading player in today’s market. When examining the push for Class A’s year end popularity, tangible results were shown through a flight-to-quality move which refers to a sudden shift in investment behavior and often found during a period of financial turmoil within an industry. For high-rise

Despite the constant instability over California’s residential housing crisis and the possible affects of it continuing to pour over into the field of commercial real estate, Orange County’s office space for lease has shown a recent break in the fifteenth-quarter run of decreased lease rates. Though the report indicates a positive turn in office lease rates, the road ahead is still projected to be a slow one. Signs of the slow but steady market are seen in the stabilization of lease rates across the office market, as well as the continuation of positive absorption rates shown. Reported on January 28th, 2012 by the Orange County

When looking to understand the behaviors of the commercial real estate market, it is important to understand the variables being examined, along with the measuring tools being used to generate the reporting. In the world of commercial real estate, there are four different types of office properties known as Class A+, Class A, Class B, and Class C; each is created by the specific property details, characteristics, and quality of property. Class A+ refers to landmark quality, known as a high-rise building with prime central location and usually within a business district. Class A refers to office spaces 100,000 sqft or larger, five or more

EMMES increases occupancy from 66 percent to 93 percent in the past 12 months IRVINE, CALIF. – JAN. 23, 2012 – The Michelson has reached 93 percent occupancy after EMMES Realty Services of California, an affiliate of The EMMES Group of Companies, completed a 10‐year, 91,023 square‐foot lease with LA Fitness International LLC. The Michelson, Orange County’s premier office location, is a LEED Gold, landmark 533,000 square‐foot high rise building located at 3161 Michelson Drive in Irvine, Calif. The new space will be used as the company’s global corporate headquarters. Bob Thagard of ORION Property Partners, Inc. represented LA Fitness in the transaction. EMMES represented

With just a few days into the 2012 New Year, Orange County real estate is ready to run forward and with many business professionals, real estate brokers and tenant representatives alike all routing for a positive road ahead, the question is still a heavy one. Recently reported in the Orange County Business Journal, statistics regarding areas of commercial real estate in Orange County and other business areas popular to the community, there was a joint consensus of ‘high hopes’ amongst local executives when asked about industry goals and objectives, expectations, and performances for 2012’s Q1. According to a survey conducted by Cal State Fullerton consisting