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Irvine Company Office Leasing Up Nearly 12% Y-O-Y
Irvine Company said its portfolio of premium office space across Orange County, Los Angeles, San Diego, Silicon Valley, Chicago and New York closed the 2024 fiscal year ending June 30 at more than 90% leased with 10.4 million square feet leased over the past 12 months. The tally represents a nearly 12% increase in square footage compared to the 2023 fiscal year and includes 6.9 million square feet of renewals.
“Our fiscal year results show there is significant demand for premium office space and highlight the importance of choosing not only where your company works, but who your landlord is,” said Roger DeWames, president of Irvine Company Office Properties. “With Irvine Company’s financial strength and stability, we’re able to invest in our workplaces, offer our customers flexible lease options and provide the workday experience that companies and their teams want and succeed in.”
Over the past 12 months, Irvine Company has invested more than $560 million of capital across its portfolio, covering reinvestment and operating capital, workspace improvements, amenity offerings and more.
- ◦Lease
