Mission Viejo, CA Office Overview
Mission Viejo neighbors the Anaheim, Costa Mesa, and Newport Beach commercial real estate markets. With a population of just under 100,000 people, the city is also part of the much larger Orange County area, which is home to over 3 million residents. Although suburban in nature, the local office market sees consistent demand, due to its proximity to both the Long Beach and Los Angeles markets.
As of mid-2017, the Mission Viejo market encompasses over 1.2 million square feet of existing office space in properties larger than 50,000 square feet. The local commercial real estate market is a healthy mix of predominantly light manufacturing, healthcare, educational institutions, and business.
Mission Viejo, CA Office Inventory Description
While the City of Mission Viejo is home to a relatively small population, the city's extended area of economic influence includes the neighboring cities of Aliso Viejo, Dana Point, Laguna Beach, Laguna Niguel, and San Juan Capistrano. This, combined with the synergistic mix of Class A and B office space, helps keep the inventory in Mission Viejo attractive to both tenants and investors. Class A or A+ inventory in the city brings just over 550,000 square feet of space to the market, while Class B product adds nearly 685,000 additional square feet to the inventory.
Some of the larger, investment-grade office properties in Mission Viejo include the Cerro building at 27401 Los Altos, the Pala Place Corporate Center on Pala Drive, and the Highpointe building at 25910 Acero.
Mission Viejo, CA Commercial Inventory Breakdown
Office Spaces
Total: 1,470,849 SF
By square footage range:
- 50k to 100k SF: 599,924 SF / 40.79% of total office
- 100k to 500k SF: 870,925 SF / 59.21% of total office
By class:
- Class A: 824,712 SF / 56.07% of total office
- Class B: 646,137 SF / 43.93% of total office
Top 10 Largest Office Buildings
in Mission Viejo
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| Mission Hospital Medical Office Buildings I, II & III | 27800 Medical Center Road, 92691 | 141,485 | 1974 |
| Mission Medical Plaza | 26800 Crown Valley Pkwy, 92691 | 136,274 | 2007 |
| Mission Corporate Plaza | 27261 Las Ramblas, 92691 | 134,387 | 1981 |
| Mission Medical Tower | 26732 Crown Valley Pkwy, 92691 | 121,746 | 1985 |
| Mission Ridge - 27201 Puerta Real | 27201 Puerta Real, 92691 | 115,533 | 2000 |
| Leonard Cancer Institute | 27799 Medical Center Road, 92691 | 104,500 | 2019 |
| Highpointe | 25910 Acero, 92691 | 97,532 | 1989 |
| Alicia Park | 26010 Acero, 26054 | 78,000 | 1991 |
| Cerro | 27401 Los Altos, 92691 | 70,948 | 1984 |
| Highpark Center | 23436 Madero, 92691 | 70,493 | 1985 |
Most Recently-Built Office Buildings
in Mission Viejo
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| Leonard Cancer Institute | 27799 Medical Center Road, 92691 | 104,500 | 2019 |
| Mission Medical Plaza | 26800 Crown Valley Pkwy, 92691 | 136,274 | 2007 |
| Mission Hospital - Mission Conference Center | 26726 Crown Valley Pkwy, 92691 | 34,015 | 2005 |
| Mission Hills Medical Center | 25982 Pala, 92691 | 30,450 | 2004 |
| Mission Foothills Professional Building | 20532 El Toro Road, 92692 | 52,091 | 2001 |
| Mission Ridge - 27201 Puerta Real | 27201 Puerta Real, 92691 | 115,533 | 2000 |
| Los Altos Medical Plaza | 26691 Plaza, 92691 | 40,643 | 1994 |
| Trabuco Hills Medical Center | 27725 Santa Margarita Pkwy, 92691 | 35,728 | 1992 |
| Alicia Park | 26010 Acero, 26054 | 78,000 | 1991 |
| Highpointe | 25910 Acero, 92691 | 97,532 | 1989 |
Mission Viejo, CA Green Office Space
While Mission Viejo doesn't have any green office buildings that are over 50,000 square feet in size, that doesn't mean the city isn't taking green building seriously. An interesting example of a LEED-certified building in the area is the Atria Del Sol assisted living and memory care senior living residences. Following an $8.6 million renovation that included numerous energy-efficient and eco-friendly enhancements, the property was awarded a LEED certification.
Across California and the rest of the United States, the importance of energy-efficient, green commercial building continues to grow. For example, the most recent National Green Building Adoption Index, completed in 2017, surveyed only the top 30 markets in the country to measure the growth of green office space. The overall percentage of properties in these top markets that were certified as green office, EPA Energy Star-rated or LEED-certified increased seven-fold over the past 12 years. Back in 2005, fewer than 5% of these larger properties were rated green. Now, about 38% are certified green office space.
Mission Viejo, CA's Top Office-Using Sectors
The Mission Viejo commercial real estate and office market sees predictably strong demand from sectors such as education, healthcare, and manufacturing, along with larger corporate office users in the city.
- Education – Saddleback College and the Capistrano Unified School District, along with the various smaller businesses they attract, generate demand.
- Healthcare – The Mission Viejo Hospital is not only the largest employer in the area, but also the largest hospital in South Orange County.
- Manufacturing – Demand for commercial real estate is generated by manufacturing companies such as Fluid Industries, Amden Corporation, Boeing, and Panasonic Factory Solutions.
- Corporate Offices – Corporate headquarters of companies such as Marie Callender's are located within the city.
Mission Viejo Demographics
Population
- Total Population96,124
- Male Population(49.5 %) 47,616
- Female Population(50.5 %) 48,508
- Median Age45.00
Income/Financial
- Average Household Income$136,189
- Median Household Income$114,688
- Median Income Under 25$54,926
- Median Income 25-44$128,586
- Median Income 45-64$136,811
- Median Income Over 65$72,712
Cities near Mission Viejo, CA
- Aliso Viejo Office Space
- Anaheim Office Space
- Carlsbad Office Space
- Corona Office Space
- Escondido Office Space
- Fontana Office Space
- Huntington Beach Office Space
- Irvine Office Space
- Laguna Hills Office Space
- Laguna Niguel Office Space
- Laguna Woods Office Space
- Lake Forest Office Space
- Las Flores Office Space
- Long Beach Office Space
- Moreno Valley Office Space
- Oceanside Office Space
- Ontario Office Space
- Pasadena Office Space
- Rancho Cucamonga Office Space
- Rancho Santa Margarita Office Space
- Riverside Office Space
- San Bernardino Office Space
- San Juan Capistrano Office Space
- Santa Ana Office Space
- Temecula Office Space
- Vista Office Space
- + More - Less