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Office Space for Rent in Irvine, CA - 372 Listings

Irvine, CA Office Overview

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The Irvine city proper office market includes the East Industrial, Oak Creek, and Woodbridge submarkets. Situated in Orange County, Calif., with a city population of over 250,000 people and a County metropolitan population of over 3 million, the demand for Class A white collar office space in Irvine is driven by a wide variety of business and industry.

As of mid-2017, the Greater Irvine office market encompasses over 35 million square feet of existing office space in properties larger than 50,000 square feet. With numerous corporate headquarters and a growing high-tech sector, the demand for office space in Irvine remains robust.

Irvine, CA Office Inventory Description

National and international headquarters employment, higher education, and high technology, all contribute to the strong demand for office and commercial real estate in Irvine, Calif. With the Orange County gross metropolitan product at nearly $200 billion annually, there is ongoing demand for white collar office space in the Irvine metro area. Nearly 54% of the office space in Irvine is Class A or A+, with Class B office product adding another 46% of inventory to the office market.

The UC Irvine office submarket at the University of California Irvine sees some of the strongest demand for Class A office space in Irvine. Office buildings clustered around the University and Biomedical Research Center include the 23 University Research Park buildings along California Avenue.

North of the UC Irvine neighborhood is the Irvine Business Complex office submarket. Located next to John Wayne Airport, the area is home to trophy office properties such as Avian Court and the Corporate Point office building.

Irvine, CA Commercial Inventory Breakdown

Office Spaces

Total: 40,096,557 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 12,405,807 SF / 30.94% of total office
  • 100k to 500k SF: 24,139,445 SF / 60.2% of total office
  • 500k to 1M SF: 2,251,305 SF / 5.61% of total office
  • > 1M SF: 1,300,000 SF / 3.24% of total office

By class:

  • Class A+: 1,379,237 SF / 3.44% of total office
  • Class A: 19,833,117 SF / 49.46% of total office
  • Class B: 17,984,515 SF / 44.85% of total office
  • Class C: 98,925 SF / 0.25% of total office

Top 10 Largest Office Buildings

in Irvine

Office building Address Sqft Year built
Market Place Center 200 Commerce, 92602 1,300,000 2001
Five Point Gateway - 15101 & 15191 Alton Pkwy 15101 Alton Pkwy, 92618 660,893 2017
The Boardwalk 18691 Jamboree Road, 92612 547,300 2017
The Michelson 3161 Michelson Drive, 92612 536,307 2007
Corporate Business Center 123 Technology Drive, 92618 506,805 1996
400 Spectrum Center 400 Spectrum Center Drive, 92628 426,000 2017
The Landmark 18872 MacArthur Blvd, 92612 420,000 n/a
200 Spectrum Center 200 Spectrum Center Drive, 92618 416,930 2016
Lakeshore Towers I 18101 Von Karman Avenue, 92612 407,793 1990
Jamboree Center - 4 Park Plaza 4 Park Plaza, 92614 400,764 1990

Most Recently-Built Office Buildings

in Irvine

Office building Address Sqft Year built
Five Point Gateway - 15131 & 15161 Alton Pkwy 15131 Alton Pkwy, 92618 366,223 2018
Five Point Gateway - 15101 & 15191 Alton Pkwy 15101 Alton Pkwy, 92618 660,893 2017
The Boardwalk 18691 Jamboree Road, 92612 547,300 2017
400 Spectrum Center 400 Spectrum Center Drive, 92628 426,000 2017
Sand Canyon Business Center - Building I 15485 Sand Canyon Avenue, 92618 105,600 2017
Sand Canyon Business Center - Building II 15495 Sand Canyon Avenue, 92618 105,600 2017
200 Spectrum Center 200 Spectrum Center Drive, 92618 416,930 2016
Hoag Health Center Irvine - 16205 & 16305 Sand Canyon Avenue 16305 Sand Canyon Avenue, 92618 57,200 2016
Hoag Health Center Irvine - 16105 Sand Canyon Avenue 16105 Sand Canyon Avenue, 92618 50,000 2016
Hoag Health Center Irvine - 16405 Sand Canyon Avenue 16405 Sand Canyon Avenue, 92618 50,000 2016

Irvine, CA Green Office Space

Employment

Of the Top 30 Green Office Markets in the U.S., Orange County ranks 13 th for energy-efficient office buildings. While nearly 4% of the office buildings larger than 50,000 square feet are LEED certified, over 10% rank as Energy Star Certified and nearly 11% are recognized as green buildings.

The most recent National Green Building Adoption Index analyzed office property in the thirty largest U.S. metro areas, looking at the percentage of energy-efficient buildings. Orange County, including Irvine, placed 13 th in this survey. Over the past 12 years, the percentage of green certification has increased by less than 5% to about 38% in 2017.

The Irvine Concourse office building at 2050 Main Street is a beautiful example of a green building in Irvine. Awarded a LEED Silver certification, this 314,000-square- foot Class A office property was built in 2007 and is just one of the many LEED projects in Orange County.

Irvine, CA's Top Office-Using Sectors

Higher education institutions and the business they attract, technology, and the health care and bio-sciences industries all contribute to the powerful demand for Class A office space in the Irvine CA commercial real estate market.

  • Technology – The high-tech sector provides a constant need for white collar office space with companies such as Broadcom Corporation, Razer, Meade Instruments, K2 Network, and Western Digital.
  • Education – Institutions of higher education located in Irvine include Concordia University, California State University Fullerton, and Pepperdine University.
  • Health Care & Bio-Sciences – Irvine is home to cutting edge companies such as Allergan, Inc., Edwards Lifesciences, and Zymo Research.
  • Corporate Offices – A large part of the demand for white collar office space in Irvine comes from the numerous companies that have their international and North American headquarters in Irvine, including Asics, Samsung Electronics, Shimano, Toshiba, and Kia Motors.

Irvine Demographics

Population

  • Total Population256,877
  • Male Population(48.5 %) 124,653
  • Female Population(51.5 %) 132,224
  • Median Age34.40

Income/Financial

  • Average Household Income$125,316
  • Median Household Income$95,573
  • Median Income Under 25$11,107
  • Median Income 25-44$100,911
  • Median Income 45-64$116,610
  • Median Income Over 65$67,749

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