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: 42,928,437 SF
By square footage range:
- 50k to 100k SF: 13,104,348 SF / 30.53% of total office
- 100k to 500k SF: 25,322,964 SF / 58.99% of total office
- 500k to 1M SF: 3,201,125 SF / 7.46% of total office
- > 1M SF: 1,300,000 SF / 3.03% of total office
By class:
- Class A+: 1,379,237 SF / 3.21% of total office
- Class A: 21,561,209 SF / 50.23% of total office
- Class B: 18,269,073 SF / 42.56% of total office
- Class C: 171,574 SF / 0.4% 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 |
| Edwards Lifesciences Corporate Headquarters | 1 Edwards Way, 92606 | 949,820 | 1970 |
| Five Point Gateway - 15101 & 15191 Alton Pkwy | 15101 Alton Pkwy, 92618 | 660,893 | 2017 |
| The Boardwalk | 18691 Jamboree Road, 92612 | 547,300 | 2017 |
| The Boardwalk | 18565 - 18575 Jamboree Rd, 92612 | 537,224 | 2017 |
| The Michelson | 3161 Michelson Drive, 92612 | 536,307 | 2007 |
| Corporate Business Center | 123 Technology Drive, 92618 | 506,805 | 1996 |
| Century Centre | 2601 Main Street, 92612 | 450,814 | 1986 |
| 400 Spectrum Center Drive | 400 Spectrum Center Drive, 92618 | 427,551 | 2017 |
| 400 Spectrum Center | 400 Spectrum Center Drive, 92628 | 426,000 | 2017 |
Largest Office Properties Recently Completed
in Irvine
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| 1472 Alton Pkwy | 1472 Alton Pkwy, 92614 | 168,300 | 2021 |
| Spectrum Terrace - 17500 Laguna Canyon Road | 17500 Laguna Canyon Road, 92603 | 114,875 | 2021 |
| Spectrum Terrace - 17600 Laguna Canyon Road | 17600 Laguna Canyon Road, 92603 | 114,875 | 2021 |
| Spectrum Terrace - 17400 Laguna Canyon Road | 17400 Laguna Canyon Road, 92603 | 114,603 | 2021 |
| 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 |
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.
Frequently Asked Questions
How much does office space cost in Irvine, CA?
The average office rental rate in Irvine, CA is $28.81 per square foot. Asking prices vary based on the property’s location, overall rating, amenities, proximity to restaurants, cafes and entertainment venues, as well as public transport, airports and highways. Check Irvine Office Market Trends for more stats.
What is the size of available office spaces in Irvine, CA?
The Irvine, CA office market can accommodate various businesses, sporting a range of office space availabilities. The average size of office space availabilities is 72,285 square feet. If you’re just starting out as a company or as an entrepreneur, the smallest available office space in Irvine, CA is 335 square feet, while the maximum rentable space on the market now is 144,234 square feet.
How do I get office space in Irvine, CA?
Start your search for office space in Irvine, CA by using our filters that allow you to find the best space for your business needs. Filter listings by location, property size, available space or lease rate. Property pages will offer details about an office building’s rating, year built, availabilities, price per square foot and more. After drawing up a shortlist, make sure you contact the listed broker(s) to schedule a viewing and begin the negotiation process for your lease contract.
How many office listings are available in Irvine, CA?
There are 476 office listings on the Irvine, CA market. See all available office spaces for rent.
Where to rent an office space in Irvine, CA?
Popular Irvine neighbourhoods with available office spaces include Irvine Business Complex, Irvine Health And Science Complex and Irvine Spectrum.
What other property types are available for lease in Irvine, CA?
In addition to traditional office spaces, commercial real estate listings on our platform also include coworking & shared office space options, retail spaces, industrial buildings, warehouses, distribution facilities, and more.
Irvine Demographics
Population
- Total Population273,157
- Male Population(49.0 %) 133,916
- Female Population(51.0 %) 139,241
- Median Age34.20
Income/Financial
- Average Household Income$135,876
- Median Household Income$105,126
- Median Income Under 25$11,531
- Median Income 25-44$112,725
- Median Income 45-64$127,349
- Median Income Over 65$68,627
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