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California  + Orange County  + Office  | 

California’s Most Affordable Office Market is Orange County

Research by JLL reveals Orange County’s office occupancy costs are actually more affordable than California’s major tech markets of Silicon Valley, San Francisco, West Los Angeles and San Diego.

JLL’s Jared Dienstag says, “Orange County has a strong tech ecosystem that continues to expand. Tech firms have a large labor pool of STEM graduates in Orange County to build companies, while also saving considerably on operating costs. This enables companies to make a dollar go a longer way than other more expensive California markets.”

JLL’s key office cost findings include:

Average Class A Office Rents

  • Orange County $36.48
  • Silicon Valley $49.39
  • West LA $56.99
  • San Francisco $75.18

Year One Rent Total

  • Orange County $729,600
  • Silicon Valley $987,800
  • West Los Angeles $1.1M
  • San Francisco $1.5M

Total Out of Pocket TI Costs

  • San Diego $3M
  • Orange County $3.3M
  • San Francisco $$3.8M
  • Silicon Valley $4M

Total Costs: includes rent, out of pocket costs, employee wages

  • Orange County $76.9M
  • San Diego $79.5M
  • West LA $85.4M
  • San Francisco $129.2M
  • Silicon Valley $160.8M

* Based on 20,000 square feet of office space, 134 employees (150 square feet per employee) and a five-year lease with 3% annual rent increases

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Connect With JLL’s Dienstag

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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