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Spectrum Terrace

Irvine Company Ends 2023 with 91% Occupancy at Office Portfolio

Irvine Company notched another strong year of activity in 2023, leasing 9.5 million square feet of premium office space to more than 900 companies in Orange County, Los Angeles, San Diego, Silicon Valley, Chicago and New York City. The company wrapped up the year with 91% of its portfolio leased, or 10% above the national average in major U.S. cities, according to Moody’s Analytics.

“Companies are drawn to Irvine Company for our premium workplaces, personalized service and industry-leading financial stability – and we’re proud that 9 out of 10 customers are likely to recommend us,” said Roger DeWames, president of Irvine Company Office. “Our 2023 leasing activity highlights the continued flight to quality in the market and the ever-growing importance of choosing not only where your company works, but who your landlord is.”

Last year, more than $650 million of capital was invested across Irvine Company’s workplaces, including reinvestment capital, operating capital and tenant improvements.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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