By Joseph Pimentel | April 13, 2026 | As published by OCBJ.com
Orange County’s biggest commercial property managers expanded their local footprint this year, signaling a modest rebound in management activity compared to last year.
According to the Business Journal’s latest survey of 17 third-party managers, the largest firms in Orange County managed 129.8 million square feet of rentable space as of March 2026, a 3.8% increase from 125 million square feet a year ago. On our list last year, the commercial property managed fell 1.5%.
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The Top 5
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Modest Gains
…No. 12 ranked Coreland recorded the second largest in growth, increasing its square footage in the county by 21% from 2.9 million last year to 3.5 million. The local office manages a total of 8.3 million square feet in Orange County and elsewhere, up from 7.8 million square feet. Additionally, the Tustin-based company increased its managed properties in Orange County by 7% from 112 to 120.
Current Market
…Retail, especially grocery-anchored centers, has become a bright spot in the market.
Vicky Hammond, managing principal at Coreland, said leasing demand in this segment is the strongest it has been in years.
“Grocery stores drive consistent daily and weekly traffic, making these centers highly attractive,” Hammond told the Business Journal.
Even as leasing fundamentals improve, rising insurance premiums, security costs and overall operating expenses remain among the biggest challenges for managers, officials said.
…“Cautious optimism on all fronts,” said Miller. “Continued recovery in leasing space and occupancy. Increased investment activity in office properties, and development starts for residential.”
Hammond says “investment sales activity will likely remain measured this year due to continuing macro concerns.”
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