Matrix Multifamily Orange County Report-April 2023 April 27, 2023

Orange County Rents Soften

Orange County rents contracted 0.4 percent on a T3 basis through February, to $2,687, with a steeper decline among Lifestyle properties. Softening demand dented occupancy, too, but at 96.7 percent, the metro remains one of the tightest in the U.S.