Orange County ranked seventh in the nation for office space to be converted or demolished into a residential development, according to a CBRE report published on June 9.
The ranking is part of a larger national trend showing more office space is planned to be removed from U.S. markets than added to it for the first time since at least 2018.
Orange County has 26 projects and 4.2 million square feet of office space that is either planned or already underway for conversion or demolition. Only one project – OCVibe – is underway this year and plans to add office space by the time it is online…