Orange County Retail Market Report Q1 2026

The Orange County retail market in Q2 2026 showed a vacancy rate of 3.8%, average asking rents of $2.72 per square foot per month, positive net absorption of 240,744 square feet, and an average sales price of $572 per square foot, with major transactions including the sale of 43 Auto Center Drive for $49.9 million and Burlington's 26,395-square-foot lease at Von Karman Plaza. Construction activity included 284,179 square feet under development and year-to-date deliveries of 85,425 square feet, with major projects scheduled for first-quarter 2027 completion.