New research has shown that Orange County, CA, is currently the best place to buy office property. Specifically, the commercial real estate market in San Juan Capistrano is booming faster than anywhere else. This has made the city, and Orange County as a whole, very attractive for those interested in investing in commercial real estate.
Orange County Register has announced that they will be moving their headquarters to Anaheim by March 2017. The business and newsroom staff of the Register will be transferring to the Axis, a creative office redevelopment, found near Angel Stadium at 2190 Towne Centre Place. The newspaper publishing company had been operating out of Santa Ana for 111 years. The publisher, Ron Hasse, has Tweeted about their intentions.
The commercial real estate (CRE) market in Orange County, CA, is incredibly diverse and interesting for many different people. Property investors, for instance, often purchase CRE, either outright or through a commercial real estate investment trust (REIT), in order to earn from the rent of these properties. CRE is also interesting for business owners, who are looking for properties to use for their operations, such as offices, distribution, retail stores, and warehousing. They can choose to purchase their own real estate, making it an investment as well, or they can lease the property from the aforementioned property investors. Either way, it is very important to get to know the market before deciding to rent or lease.