Orange County Office Market Overview The Orange County office market entered 2026 with improving fundamentals as occupier demand strengthened and vacancy continued to decline. The market posted its second consecutive quarter of positive absorption, led by major occupancies in the Airport Area and Central County, while availability fell to its lowest level since 2020. Despite encouraging momentum, leasing activity remained well below historical averages, highlighting that the recovery remains gradual and uneven. Investment sales activity continued to be driven by office-to-alternative-use conversions, reflecting evolving demand trends across the market.
