The Market Is Faring Well In Orange County
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Orange County is holding steady these days, according to experts who will weigh in on the state of its market next week.
Mill Creek Residential Trust managing director Michael Genthe said the OC is expected to see historic highs this year with 8,864 units expected to be delivered in 2017, according to MPF Research.
"It's a year of absorption, stabilization and stagnant rent growth," Genthe said.
Allen Matkins partner Sandra Jacobson, who works out of the firm's Orange County office, said she doesn't see the market having changed much from last year.
"I personally think it will be the same as it has been, relatively steady," she said. "I don't see a huge increase or a huge decrease."
There is also a lot of development in multifamily right now, she said.
Genthe and Jacobson will both be at the Bisnow Orange County State of the Market event starting at 7:30 a.m. Feb. 28 at the Irvine Marriott.