A weekly look at office and industrial real estate in the county. : IRVINE COMMERCIAL REAL ESTATE

A look at commercial real estate data in an Orange County community as of June 30, 1989.

OFFICE BUILDINGS

Existing Buildings

Number: 76

Total square feet: 4,457,532

Vacant space: 1,064,940

Vacancy rate: 23.89%

Buildings Under Construction

Number: 13

Total square feet: 1,333,132

Committed space: 225,362

Committed, percentage of total: 16.91%

Monthly Lease Rates Per Square Foot

Existing Vacant Office Space

Average: $1.74

Low: $1.10

High: $2.35

Space Under Construction

Average: $2.00

Low: $1.70

High: $2.30

High Tech/Research & Development Space

Sale price per square foot

Average: $109.83

Low: $71.43

High: $160.00

Lease price per square foot

Average: $0.83

Low: $0.40

High: $1.27

Manufacturing/Warehouse Space

Sale price per square foot

Average: $71.23

Low: $32.60

High: $97.00

Lease price per square foot

Average: $0.60

Low: $0.42

High: $0.85

Source: Coldwell Banker