Matrix Multifamily Orange County Report-October 2022 November 08, 2022

Orange County Fundamentals Moderate

Rent growth in Orange County softened to 0.5 percent on a T3 basis through August, to $2,721. Meanwhile, unemployment dropped below the 3 percent mark in June. Deliveries and construction activity also moderated, but transaction activity remained high, backed by a strong first half of 2022.