Published on Thursday, March 19, 2026
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Steady leasing, high renewals, and premium amenities are keeping tenants in place.
Irvine Company closed out 2025 with a nearly 90% occupancy rate across its 8.7 million‑square‑foot national office portfolio, which spans major markets including Orange County, Los Angeles, San Diego, Silicon Valley, Chicago, and New York. It is a notable achievement given the broader slowdown in office leasing nationwide.
The strong finish capped a year of momentum driven by Irvine Company's continued investment in premium amenities and flexible workplace solutions. "Our strong leasing is a result of combining strategic locations with continuous investment in our properties and understanding what businesses need today," Roger DeWames, president of Irvine Company Office Properties, told GlobeSt.com.
In 2025, leasing was led by technology, financial services, life sciences, and healthcare companies. Renewals accounted for more than 5 million square feet—over half of the year's total leasing volume.
DeWames emphasized that companies are "actively seeking best-in-class, amenity-rich environments that not only support productivity and collaboration but also provide a stable, long-term partner." Irvine Company's flexible, market-ready spaces and curated amenities have helped attract tenants ranging from small businesses seeking move‑in‑ready offices to specialized R&D and industrial users requiring customized environments.
"This holistic offering—from flexible space solutions to designed indoor‑outdoor workspaces—is a distinct differentiator that delivers exceptional quality while meeting the evolving needs of our customers," DeWames said. He added that Irvine Company's approach is built on partnership: "Irvine Company offers the best centrally located workplaces that support a live, work, play lifestyle, adjacent to popular dining, housing, retail, and entertainment destinations."