Market Overview (AIR Data)
Primary market truth representing entire inventory
Total Inventory
112,819,000 SF
Total market size
Vacancy Rate
8.3%
+340 bps YoY
Q3 Net Absorption
-663,000
SF absorbed in Q3 2025
Trailing 4Q Absorption
-1,645,000
Q4 2024 - Q3 2025
Net Absorption vs Vacancy Trend
- Net Absorption
- Vacancy Rate
What the Market Is Telling Owners
- •Vacancy is up +340 bps YoY (4.9% → 8.3%), driven by a 3,876,000 SF increase in vacant stock.
- •Occupied stock has contracted by 1,645,000 SF, indicating tenants are shedding space faster than they are taking it.
- •Inventory grew by 2,231,000 SF, adding supply to a market already softening from negative absorption.
Vacant Stock Growth (YoY)
+3,876,000 SF
Available-for-Lease Snapshot (CoStar)
Current listings 20,000 - 50,000 SF
Active Listings
88
Buildings available for lease
Absorption Trend
Negative
5 straight quarters negative
Availability Heat Map
88 Active Listings
Top Concentrations
Anaheim: 30Garden Grove: 13Brea: 12Fullerton: 9
Owner Playbook: 3 Levers to Lease Faster
Economics
Prioritize 'effective rent' over face rate. Aggressive concessions secure tenants now; waiting risks chasing the market down.
Certainty
Tenants fear risk. Offer move-in ready conditions and transparent terms to win deals against 136+ competitors.
Readiness
First impressions matter. With 30 options in Anaheim alone, your building must show better than the competition.
Broker Contacts
Lee & Associates | Newport Beach
Tim Arguello
Senior Vice President | Principal
100 Bayview Circle, Suite 600
Newport Beach, CA 92660
Corporate ID 01197433
© 2025 Lee & Associates. All information contained herein has been obtained from sources deemed reliable. However, no warranty or representation is made to the accuracy thereof.