The Orange County retail market in Q3 2025 remains steady with a consistent vacancy rate and modest rent growth. Construction activity has surged, while net absorption has significantly outpaced deliveries, signaling strong tenant demand. Explore our full Orange County retail market report for detailed insights into leasing, investment, and development trends.
3Q 2025 Orange County Retail Market: Key Data Points
- Vacancy Rate Holds Steady: Retail vacancy in Orange County remained unchanged at 3.6% year-over-year.
- Asking Rents Edge Up: Average asking rent increased to $2.65/SF, a 1.56% rise from Q3 2024.
- Construction Activity Surges: Space under construction jumped to 306,900 SF, a 73.7% increase year-over-year.
- Sales Prices Climb: Average sales price per square foot rose to $575, up 32.2% from the previous year.
- Net Absorption Soars: Net absorption reached 355,407 SF YTD, a 416% increase year-over-year.
- Construction Deliveries Decline: YTD deliveries fell to 73,780 SF, down 21.1% from 2024.
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