Orange County is the 24th largest multifamily market with 209,956 completed units and 37,200 units in development, 7,341 of which have already broken ground, as of December 2021.
Orange County Multifamily Market Summary – December 2021
New lease asking rents are at $2,545, up 18.1%▲
from the previous year placing Orange County at
16th overall in year-over-year rent growth.