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irvine spectrum

Commercial Real Estate

The Irvine Spectrum:
What You Need to Know

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The Irvine Spectrum is becoming the crown jewel in the Orange County's vast portfolio of prime real estate.

Some are calling the Irvine Spectrum, "Orange County’s New Downtown," as a new skyline takes shape and more housing developments are being constructed each year. The area is attracting some of California’s largest companies including Broadcom, Blizzard Entertainment, Cylance, Mazda and others because they see the Irvine Spectrum market as the place to house their business to attract and retain top talent to fuel growth and innovation.

Greater Irvine Releases 2018 Community Report
Discover all the great perks and attractions that come with working in one of Southern California's most thriving cities.
Spectrum: A Slice of Orange County's Rich History
A first drive through the Spectrum is truly impressive. The location is first-class in every respect.
6 Reasons to Own Commercial Real Estate in Irvine
It's a great time to invest in commercial real estate and the advantages of owning in Irvine are numerous. 

Office Stats 

leasing stats
Vacancy Rate
12%
Availability Rate
16.9%
Average Rent/SF
$2.87
SALES Stats
Average Sales Price/SF
$345
1 Year Sales Volume
$213M
Market Cap Rate
5.6%

*As of June 28, 2019.

Industrial Stats

leasing stats
Vacancy Rate
5.2%
Availability Rate
8.3%
Average Rent/SF
$1.37
SALES Stats
Average Sales Price/SF
$258
1 Year Sales Volume
$61.6M
Market Cap Rate
4.7%

*As of June 28, 2019.

WindWater
Track Record

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Over the past couple of years, WindWater Real Estate has become the leading expert in the Irvine Spectrum market. 

This year alone, the team has managed to successfully close over 36 transactions. WindWater is also recognized for holding the highest sales price per square foot record in the Irvine Spectrum, specifically in the highly-desirable Bacchus Signature, Bacchus Series, Koll 3, and Brenexus Edition office parks. 

Buildings Sold

Since January of 2017, a total of 40 buildings have been sold in the area. The WindWater team sold 20% of those buildings, all above the average sale price.

Average Sales Price

The market average sales price per square foot for commercial office properties is currently $336. The WindWater team's average is $434. 

Vacancy Rate

WindWater's client portfolio has a 9% vacancy rate. Building owners experience less vacancy overlap between tenants, and new leases are being signed at market value.

Stabilized Real Estate Assets

82% of all commercial buildings in the WindWater Real Estate portfolio throughout Orange County are 100% leased, giving owners peace-of-mind and stabilized cash flow.

IRVINE SPECTRUM:
THE PLACE TO BE

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Did you know that one-third of Fortune 500 companies and 900 tech companies call the Irvine Spectrum their home? This has become the business hub in Orange County. 
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SEE WHAT'S AROUND THE AREA.

Los Olivos 

Fairly large shopping center with great variety of stores ranging from Wholefoods, UPS, a pharmacy, yoga studio and a multiple of restaurants. 

Irvine Spectrum

Irvine Spectrum Center is one of Southern California's most popular entertainment and shopping destinations featuring Nordstrom, Target, and Improv.

OC Great Park 

The City of Irvine-owned Great Park is an arts and sports recreational hub. Currently under development are 688 acres of parkland.

Oak Creek Golf Irvine

Conveniently located in Irvine, CA, Oak Creek Golf Club is a Tom Fazio-designed public golf course. One of the best golf courses in Orange County

Irvine Valley College

A California Community College located in Irvine in South Orange County California. Irvine Valley College has the #1 transfer rate in Orange County.

Quail Hill

The 2.8-acre Quail Hill Trailhead provides a great location to connect to southern Irvine’s extensive trail network

Laguna Beach

Premier coastal destination. This seven-mile stretch of sand and surf offers a year-round retreat for art lovers, nature enthusiasts and beach goers.

Irvine Metrolink

Metrolink is Southern California's premier regional passenger rail system serving over 55 stations across the region.

Five Point Amphitheatre

Brand new outdoor concert and event venue in the Irvine great park area. 

Laguna Hills Mall

A transformation of Laguna Hills Mall is underway to create a new mixed-use lifestyle center.

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WHAT IS MY BUILDING WORTH?

If you're looking to sell your building, then you're probably wondering what it is worth. Our team will put together a customized broker value of opinion that will answer your questions and show you how we can work together to reach your real estate goals.

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I NEED TENANTS IN MY BUILDING

This is a very common pain-point for landlords. By listing your property with WindWater, you get an entire brokerage, marketing, transaction, and a digital engine that is able to put your property in front of the right people and streamline the entire process.

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MY LEASE IS EXPIRING SOON 

Your lease is about to expire. Are you going to renew your lease or relocate? There are pros and cons to each, so we recommend starting this process at a minimum of 6 to 9 months before your lease expiration.


This gives you ample time to survey the market and tour available spaces, and it also allows for time to build out office space and complete tenant improvements.

CONTACT US

19762 MacArthur Blvd, Suite 100, Irvine CA 92612

949.326.7169

team@windwater.com