The Karlin Law Firm LLP

Providing quality legal services to statewide and national clients in ADA defense, Personal Injury, business and real estate for more than 35 years

Email Us
Practice Areas

Strongest office rent growth in the last two years

Stakeholders in the California commercial real estate market might be interested in learning that Orange County has enjoyed the highest national growth in office rentals over the last two years. Much of the growth in office rentals has resulted from the drive of tech companies to find spaces in submarkets.

According to CBRE Group, the tech industry has had a large impact on office rents because the companies are willing to pay premium prices so that they can get space in hot technology submarkets. This has led to stiff competition in talent-rich tech submarkets such as southern Orange County, which has a very low office vacancy rate.

The CBRE states that tech companies being forced to move into adjacent submarkets to the hottest locations may drive the growth of office rents in those areas as well. Average rents in the top tech submarkets are increasing much faster than the rents for non-tech businesses. The average premiums paid by tech companies in hot tech submarkets is 16.2 percent. Across the U.S., Orange County experienced the largest growth in office rents at 23 percent during the last two years.

Investors who are interested in purchasing office buildings should conduct due diligence before they move forward. Commercial law attorneys who are experienced in handling commercial real estate transactions might help clients identify buildings that are in good areas and likely to provide good profits. The attorneys may conduct market analyses, review the buildings' rents and vacancy rates and examine any potential issues. Legal professionals may then advise their clients whether the asking prices are good or if the clients should ]negotiate for a lower amount. The attorneys may be able to offer guidance throughout the transaction process in order to help clients avoid legal problems and enjoy higher profits.

No Comments

Leave a comment
Comment Information

Contact Us Today

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

L. Scott Karlin

L. Scott Karlin

Attorney Profile
David E. Karlin

David E. Karlin

David E. Karlin is a California attorney with a primary focus on business and real estate, including law and legal issues...

Attorney Profile
Michael J. Karlin

Michael J. Karlin

Michael J. Karlin is a Southern California based attorney whose practice primarily focuses on Entertainment Law. Michael began...

Attorney Profile

Recent Articles

ADA Fraud Reported

A recent article on the news concerns a man in Riverside County who allegedly has attempted to obtain money from property owners and businesses based on alleged violations of the Americans with Disablities Act (ADA). Read More

Tustin Office
13522 Newport Avenue, Suite 201
Tustin, CA 92780

Phone: 714-881-0054
Tustin Law Office Map

Newport Beach Office
2901 West Coast Highway, Suite 200
Newport Beach, CA 92663

Phone: 949-427-9328
Newport Beach Law Office Map

Carlsbad Office
2173 Salk Avenue
Suite 250
Carlsbad, CA 92008

Phone: 760-407-2409
Map & Directions

Riverside Office
6809 Indiana Avenue
Suite 100
Riverside, CA 92506

Phone: 951-643-8769
Map & Directions

Los Angeles Office
1100 S. Hope Street
Suite 103
Los Angeles, CA 90015

Phone: 213-519-5633
Map & Directions

Fresno Office
1444 Fulton Street
Fresno, CA 93721

Phone: 951-373-4384
Map & Directions