Second Quarter 2026
Office Market Outlook
Ventura County
Nasch Properties sold these two office/medical buildings totaling 103,706 square feet on approximately 7.4 acres to Pacific Media Properties, LLC for $20.58 million ($198 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 held roughly flat QoQ but fell 24.8% YoY, while under construction space was unchanged QoQ but rose 42.5% YoY, signaling a notable supply build ahead. Asking rent edged up 0.4% QoQ and 5.9% YoY, reflecting solid annual pricing gains despite softer leasing demand.
SALES TRENDS
Sales volume declined 12.0% QoQ and 20.8% YoY, while average sale price per square foot fell sharply, down 28.9% QoQ and 64.0% YoY, reflecting broad-based weakness in both transaction activity and pricing.
