Connect With Jay
As one of Orange County’s leading commercial real estate firms, ORION Property Partners is often sought out for their exceptional guidance and expertise. Which is why many were excited to see Jay Carnahan’s name as one of key speaker’s during the Connect Media’s Orange County Office Outlook.
Recapping the event, reflections appear to be ‘ Better Than You Think’ as shown in Connect Media’s event article summary:
It might not get the recognition of San Francisco or the Silicon Valley, but after getting decimated by the recession, the office market in Orange County is now becoming one of the strongest in the country, said speakers at the recent Connect Orange County conference in Newport Beach.
“Buildings will get rising rents,” said Jay Carnahan, managing partner at Orion Property Partners, pointing out that the Orange County office market is now 92 percent leased. However, rents are only averaging $2.24 per square foot compared to the $4.34 commanded right now in Santa Monica. “Orange County has a large runway of rent growth,” he said. “Be prepared. Office rents are going up and will start to match other major cities.” Read Full Article >>
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