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Office Space for Rent in Lake Forest, Orange County, CA - 38 Listings

Lake Forest, CA - Office Market Overview

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Lake Forest neighbors the Anaheim, Costa Mesa, and Newport Beach commercial real estate markets. With a population of just over 83,000 residents, Lake Forest is located in Orange County, Calif. , which is home to over 3 million people. The office market in Lake Forest sees significant demand, due to the city's highly accessible location along the I-5 and Highway 241, as well as its proximity to the bustling business centers of Newport Beach, Long Beach, and Anaheim, California.

Lake Forest, CA - Office Inventory Description

In 2000, Lake Forest extended its city limits to include the master-planned communities of Foothill Ranch and Portola Hills. In the process, the number of commercial centers added to the Lake Forest real estate market increased significantly. There is office space in Lake Forest for almost any type of business. Class B office space amounts to nearly 1.5 million square feet, and accounts for nearly 90% of the office inventory in Lake Forest, while Class A or A+ office space contributes nearly 260,000 square feet to the market.

Some of the more notable larger Class B and Class A office buildings in Lake Forest include The Campus South County on Towne Center Drive, the Spectrum Pointe - 2 South Pointe Drive, and the Lake Forest Executive Center at 23101 Lake Center Drive.

Lake Forest, Orange County, CA Commercial Inventory Breakdown

Office Spaces

Total: 2,480,270 SF

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

By square footage range:

  • 50k to 100k SF: 1,035,913 SF / 41.77% of total office
  • 100k to 500k SF: 1,444,357 SF / 58.23% of total office

By class:

  • Class A: 674,586 SF / 27.2% of total office
  • Class B: 1,805,684 SF / 72.8% of total office

Top 10 Largest Office Buildings

in Lake Forest

Office building Address Sqft Year built
Towne Center Plaza 26642 Towne Centre Drive, 92610 205,287 2000
27051 & 27121 Towne Centre Drive 27051 Towne Centre Drive, 92610 202,858 1999
Serrano Creek Center 20411 Lake Forest Drive, 92630 184,482 2000
Pacific Commercentre Business Park - 26110, 26140 & 26160 Enterprise Way 26110 Enterprise Way, 92630 145,500 1999
Enterprise Business Park - 26200 Enterprise Court 26200 Enterprise Way, 92630 144,906 2000
19701 Da Vinci 19701 Da Vinci, 92610 127,612 2000
Lake Forest Business Center - 23661-23736 Birtcher Drive 23661 Birtcher Drive, 92630 117,088 1981
Foothill Plaza - 27442 Portola Pkwy 27442 Portola Pkwy, 92610 106,126 2001
Foothill Plaza - 27422 Portola Pkwy 27422 Portola Pkwy, 92610 106,120 2001
Palm Terrace - 25531 & 25541 Commercentre Drive 25531 Commercentre Drive, 92630 104,378 2000

Most Recently-Built Office Buildings

in Lake Forest

Office building Address Sqft Year built
Towne Centre Office Park 26000 Towne Centre Drive, 92610 48,128 2007
Allred Corporate Center - 26521 & 26541 Rancho Pkwy South 26521 Rancho Pkwy South, 92630 92,160 2002
Spectrum Pointe - 1 Spectrum Pointe Drive 1 Spectrum Pointe Drive, 92630 75,000 2002
Allred Corporate Center - 26561 Rancho Pkwy South 26561 Rancho Pkwy South, 92630 60,720 2002
Foothill Plaza - 27442 Portola Pkwy 27442 Portola Pkwy, 92610 106,126 2001
Foothill Plaza - 27422 Portola Pkwy 27422 Portola Pkwy, 92610 106,120 2001
Pacific Commercentre Business Park - 26250 Enterprise Court 26250 Enterprise Court, 92630 76,841 2001
Enterprise - 26220 Enterprise Court 26220 Enterprise Court, 92630 50,006 2001
High Image Office Space 6 Orchard, 92630 27,099 2001
Towne Center Plaza 26642 Towne Centre Drive, 92610 205,287 2000

Lake Forest, CA - Green Office Space

Employment

For a city with less than 2 million square feet of office space, there is a significant percentage of green office space in Lake Forest. Of the 21 office buildings in the city larger than 50,000 square feet, 24% are either green, Energy Star-rated, or LEED-certified. Together, they contribute a combined total of nearly 325,000 square feet of green office space to the Lake Forest commercial real estate market.

An outstanding example of a LEED-certified office building in Lake Forest is the Pacific Vista - Building C. Built in the year 2000, this Class B property adds over 70,000 square feet of LEED Silver-certified green office space to the Lake Forest office market.

Over the past dozen years, the percentage of large, energy-efficient office buildings across the country has been growing. According to the most recent National Green Building Adoption Index, which looked at the top 30 largest office markets in the U.S., the percentage of green certified office buildings stands at 38%. Just 12 years ago, in 2005, that percentage was less than 5%, representing nearly a seven-fold increase in just a few short years.

Lake Forest, CA's Top Office-Using Sectors

The Lake Forest office market sees strong and steady demand from top office-using sectors like the technology & light manufacturing, financial services, healthcare & bio-sciences industries, along with larger corporate office users.

  • Technology & Light Manufacturing – Invensys, Sole Technology, Kaiser Aluminum, and Karem Aircraft are some of the biggest employers and largest users of office space in Lake Forest.
  • Financial Services – White-collar office employment in Lake Forest comes from companies such as Loan Depot and the Eagle Community Credit Union.
  • Health Care & Bio-Sciences – Demand for white-collar office space in Lake Forest is created by firms such as Apria Healthcare and Autism Behavior Services, Inc.
  • Corporate Offices – Oakley, Panasonic Avionics Corporation, and Dynacast all help to drive the demand for commercial real estate in Lake Forest, Calif.

Lake Forest Demographics

Population

  • Total Population81,812
  • Male Population(49.4 %) 40,450
  • Female Population(50.6 %) 41,362
  • Median Age39.00

Income/Financial

  • Average Household Income$118,550
  • Median Household Income$96,963
  • Median Income Under 25$67,917
  • Median Income 25-44$98,444
  • Median Income 45-64$115,992
  • Median Income Over 65$61,309