Vacancy rates are on a year-over-year upward incline, while net absorption returns were positive this quarter. New projects were opened to the market but are not yet occupied. A few major tenants are boosting occupancy of distribution space, while smaller businesses are slowly shutting down.
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View these Orange County regional charts for details on current activity and forecasts for its local housing market.
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Vacancy rates are up in all SoCal sectors and counties, aside from Orange County office and a slight year-over decrease for Los Angeles industrial. Net absorption remains negative for San Diego and Orange County but turned positive for Los Angeles and Inland Empire industrial in 2025.
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See how personal incomes have grown since 2000 across California’s largest regions.
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Age and education data complete a portrait of California’s largest and most dynamic counties.
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Vacancy and net absorption rates for the Southern California commercial property market worsened for most sectors.
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California population shifts since 2000 sheds light on how current migration trends impact residential rentals and sales.
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Want a deeper understanding of your local real estate market? These charts show the price-per-square-foot history of home sales in communities across California.
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The bullish market following the 2020 recession reversed track in 2022 and has fully collapsed — now the commercial market is nowhere near finding a bottom in tenant demand and vacancies.
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SoCal’s commercial real estate market on entering 2025 is fully destabilized with industrial vacancy rates elevated across all SoCal markets and office vacancy rates even higher.
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Commercial vacancy rates rose after 2023 and continue to rise in Southern California. While increasing vacancies cut into rental income and leasing fees, the absorption rate is worsening and shifting the source of leasing fees. Regions with the highest vacancy rates see the most occupancy of vacant space.
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In each quarter in 2024, all SoCal markets experienced increasing vacancies.
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Southern California’s commercial market softened even further in the first quarter of 2024.
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More acceptance of manufactured homes within California’s zoning laws may help address the state’s 980,000-unit housing deficit.
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Southern California’s commercial market softened even further in the second quarter of 2023.
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California is rewarding local agencies with over $352 million in grant funding to help achieve housing and climate goals.
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SoCal’s commercial market faced tough headwinds in the first quarter of 2023.
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Black homeownership has historically been low for decades — but it’s snailing forward.
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SoCal’s industrial leasing performance is in for the third quarter.
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Just 73 out of 197 Southern California cities and counties met an October 2022 deadline to get their housing plans for the next eight years approved.
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