Second Quarter 2026
Retail Market Outlook
Orange County
A private investor sold this 70,060-square-foot auto dealership to Open Road Capital for $18.3 million ($261 per square foot).
By J.C. Casillas
Managing Director of Research and Public Relations at NAI Capital Commercial
Managing Director of Research and Public Relations at NAI Capital Commercial
LEASING TRENDS
Leasing volume rose 25.0% QoQ and 9.5% YoY, while under construction space dipped 4.9% QoQ but remained up 37.2% YoY, reflecting a rebound in leasing activity alongside a still-elevated construction pipeline. Asking rent slipped 0.4% QoQ but held up 1.2% YoY, reflecting modest annual pricing gains despite near-term softness.
SALES TRENDS
Sales volume rose 8.4% QoQ but remained down 33.0% YoY, while average sale price per square foot fell 15.1% QoQ but held up 23.9% YoY, reflecting a partial rebound in transaction activity alongside continued annual pricing strength.
