Hot Asset Classes & Major Projects

Asset classes primed for a big 2020 and OC's biggest under-construction projects

Despite talk of the cycle ending, Orange County is exhibiting positive signs of growth. Most notably, a June update from the California EDD shows the county’s non-farm employment at 1,673,100, the largest on record. Additionally, in the last 10 years, the county’s workforce has increased by 282,500, or 20%. 

From a construction and development perspective, the call is being answered. To meet demand from continued job growth, the county has 24 large apartment complexes under construction, representing more than 5,000 units. According to a report from JLL, the business district office submarket has 2,203 housing units currently being built and 4,845 approved for construction.

In the office sector, national brands are continuing to invest in the region- The Boardwalk Newport Beach, Great Park Irvine, and Flight in Tustin are a major office developments that, like the multifamily construction, will support continued job growth. 

With upward movement in asset classes throughout the county, there is much to be discussed and learned. You won’t want to miss this event as we bring together CRE Visionaries and Thought Leaders to discuss solutions the current projects under development represent and challenges that lie ahead.