Irvine, CA Office Overview
Irvine is part of the Los Angeles metropolitan area. Located approximately 43 miles southwest of Los Angeles, the city is home to a population of nearly 280,000 residents. Neighbors include Laguna Beach to the South, Newport Beach and Costa Mesa to the west, Santa Ana to the northwest, Orange to the north, and Lake Forest and Mission Viejo to the East.
With numerous corporate headquarters and a growing high-tech sector, the demand for office space in Irvine remains robust, and the local economy is poised to thrive further. Irvine is home to various national and international company headquarters, as wells as several higher education institutions including the University of California, Irvine (UCI), Concordia University, Irvine Valley College, the Orange County Center of the University of Southern California (USC), and the campuses of California State University Fullerton (CSUF), University of La Verne, and Pepperdine University.
Irvine, CA Office Inventory Description
As of mid-2017, the Greater Irvine office market encompassed over 35 million square feet of office space in properties larger than 50,000 square feet. National and international corporate headquarters employment, higher education, and high technology operations all contribute greatly to the local economy and the overall gross metropolitan product of nearly $200 billion annually. Nearly 54% of the office space in Irvine is Class A, with Class B office product accounting for 46% of local inventory.
Most of the office use is concentrated in several clusters: the UC Irvine neighborhood corridor established along route 73, the Irvine Business Complex, developed mostly around the John Wayne Airport area, the Irvine Spectrum and Irvine Health and Science Complex to the west of town. Woodbridge is home to a developing office corridor along Barranca Parkway.
Irvine, CA Commercial Inventory Breakdown
Office Spaces
Total: 42,079,618 SF
By square footage range:
- 50k to 100k SF: 13,026,566 SF / 30.96% of total office
- 100k to 500k SF: 25,501,747 SF / 60.6% of total office
- 500k to 1M SF: 2,251,305 SF / 5.35% of total office
- > 1M SF: 1,300,000 SF / 3.09% of total office
By class:
- Class A+: 1,379,237 SF / 3.28% of total office
- Class A: 20,131,143 SF / 47.84% of total office
- Class B: 18,385,668 SF / 43.69% of total office
- Class C: 171,574 SF / 0.41% of total office
Top 10 Largest Office Buildings
in Irvine
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| Five Point Gateway - 15101 & 15191 Alton Pkwy | 15101 Alton Pkwy, 92618 | 660,893 | 2017 |
| The Boardwalk | 18691 Jamboree Road, 92612 | 547,300 | 2017 |
| 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 |
| Jamboree Center - 4 Park Plaza | 4 Park Plaza, 92614 | 400,764 | 1990 |
| Jamboree Center - 3 Park Plaza | 3 Park Plaza, 92614 | 399,574 | 1990 |
| Jamboree Center - 5 Park Plaza | 5 Park Plaza, 92612 | 398,925 | 1989 |
| The Quad @ Discovery Park | 500 Technology Drive, 92618 | 369,600 | 2019 |
Most Recently-Built Office Buildings
in Irvine
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| The Quad @ Discovery Park | 500 Technology Drive, 92618 | 369,600 | 2019 |
| Park Place - 2722 Michelson Drive | 2722 Michelson Drive, 92612 | 155,000 | 2019 |
| Spectrum Terrace - 17200 Laguna Canyon Road | 17200 Laguna Canyon Road, 92603 | 116,261 | 2019 |
| Spectrum Terrace - 17300 Laguna Canyon Road | 17300 Laguna Canyon Road, 92603 | 116,261 | 2019 |
| Spectrum Terrace - 17100 Laguna Canyon Road | 17100 Laguna Canyon Road, 92603 | 116,261 | 2019 |
| Discovery Park - 15555 Laguna Canyon Road | 15555 Laguna Canyon Road, 92618 | 105,600 | 2019 |
| Discovery Park - 525 Technology Drive | 525 Technology Drive, 92618 | 105,600 | 2019 |
| Discovery Park - 505 Technology Drive | 505 Technology Drive, 92618 | 79,200 | 2019 |
| Five Point Gateway - 15131 Alton Pkwy | 15131 Alton Pkwy, 92618 | 176,223 | 2018 |
| Five Point Gateway - 15101 & 15191 Alton Pkwy | 15101 Alton Pkwy, 92618 | 660,893 | 2017 |
Irvine, CA Green Office Space
Of the Top 30 Green Office Markets in the U.S., Orange County ranked 13th for energy-efficient office building practices. While nearly 4% of the office buildings larger than 50,000 square feet are LEED-certified, over 10% are EPA Energy Star-rated and nearly 11% are otherwise green-compliant.
The 2017 National Green Building Adoption Index analyzed office property in the largest U.S. metro areas, looking at the percentage of energy-efficient buildings. Orange County, which includes Irvine, placed 13th in this survey. The report Identified the 30 greenest office markets in the country, and found that the percentage of green certification had increased from below 5% in 2005 to nearly 40% in mid-2017.
The Irvine Concourse office building at 2050 Main Street is just one example of ecologically oriented construction in the city. The property was completed in 2007, encompasses 314,000 square feet of Class A office space and has earned a LEED Silver certification.
Irvine, CA's Top Office-Using Sectors
Higher education institutions and the supporting business they attract, technology, and the health care and bioscience industries all contribute to the robust local demand for office space.
- Technology – the high-tech sector has a nearly constant need for white-collar employment growth. Companies such as Broadcom Corporation, Razer, Meade Instruments, K2 Network, and Western Digital are among the city’s largest office users;
- Education – institutions of higher education located in Irvine include Concordia University, California State University Fullerton, and Pepperdine University.
- Health Care and bioscience – Irvine is home to cutting-edge companies such as Allergan, Inc., Edwards Lifesciences, and Zymo Research.
- Corporate offices – companies that have their international and North American headquarters in the city include Asics, Samsung Electronics, Shimano, Toshiba, and Kia Motors A, and rank among the largest employers in town.
Irvine Demographics
Population
- Total Population265,502
- Male Population(48.8 %) 129,507
- Female Population(51.2 %) 135,995
- Median Age34.10
Income/Financial
- Average Household Income$131,313
- Median Household Income$100,969
- Median Income Under 25$9,493
- Median Income 25-44$105,916
- Median Income 45-64$122,904
- Median Income Over 65$70,752
News
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June 16, 2020
City of Hope plans call for an acute care cancer hospital on the undeveloped acreage, which would be the first hospital in Orange County that is dedicated exclusively to the treatment of cancer, and is estimated to deliver in 2025.
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