- Despite evolving work styles, robust demand remains for premium office space
- Leasing comparable to economic boom years of 2017-2019
- ‘Window into post-pandemic future of work’
IRVINE, Calif. (March 08, 2022) — Irvine Company announced today that it leased nearly 10 million square feet of premier office space to about 1,000 forward-thinking companies in 2021, persuasive evidence the workplace remains a critical part of the evolving ecosystem of work.
The total matches or exceeds the company’s performance during the pre-pandemic economic boom years of 2017-2019, company officials said.
“Our strong leasing performance is a window into the post-pandemic future of work,” said Jonathan Brinsden, president, Irvine Company Office. “The activity clearly shows the importance of being together to drive company culture, productivity, innovation and, ultimately, the bottom line. As work styles evolve, companies seek premium workplaces that offer outstanding amenities, dynamic outdoor spaces and environments that inspire employees and business growth.”
The leasing success was especially evident at the company’s newest projects. The company has fully leased the first two phases of Spectrum Terrace at Orange County’s innovation epicenter, Irvine Spectrum, and the recently completed Pathline Park, a 1.3 million square foot workplace community in the heart of Sunnyvale’s tech hub.
The company is also attracting dozens of cutting-edge tech and gaming companies, such as SEGA of America, Inc., at its recently opened Innovation Office Park. The first-of-its-kind open-air office village is located along an Irvine business corridor recently dubbed “Gamer’s Gateway” by a popular publication.
Irvine Company’s exceptional quality, experience-driven amenities and commitment to reinvestment and modernization create workplace destinations that are sought after by start-ups and Fortune 500 companies alike. Customers small and large enjoy flexible indoor/outdoor meeting, gathering and event spaces, artisan cafes, and state-of-the art fitness centers that combine to create a sense of place and energy that draws people together to drive business success.
Irvine Company’s Flex Workspace+ program has proven a popular choice as companies look to adapt to the post-pandemic workplace. It offers move-in ready workspace and flexible lease options, starting at six months with suites as small as 2,000 square feet, with the opportunity to scale to a full floor, building or more. More than 100 companies sought a “Flex” option in 2021, leasing more than 1 million square feet.
“Our flexible solutions allow us to align with a company’s unique needs and provide the ability to evolve quickly as those needs change,” said Brinsden. “Our workplaces prioritize health and well-being through our industry-leading workplace wellness initiatives, helping companies and their teams come back with confidence as the current wave of the pandemic wanes.”
About Irvine Company Office
Irvine Company elevates the workplace by combining inspired design, exceptional quality, innovative solutions and experience-driven amenities. Renowned for continual evolution, reinvestment and personalized service, Irvine Company creates environments that cultivate collaboration, creativity and customer success. The company serves more than 3,000 customers in 50 million square feet of premier workplaces in Orange County, Los Angeles, Silicon Valley and San Diego, as well as iconic towers in Chicago and New York. Irvine Company leads the industry with a forward-looking mindset and commitment to creating thriving communities.