A wekly look at office and industrial real estate in the county. : IRVINE COMMERCIAL REAL ESTATE

A look at commercial real estate data in an Orange County community as of June 30, 1988.

OFFICE BUILDINGS

Existing Buildings

Number of buildings 132

Total square feet 9,835,437

Vacant space 2,265,964

Vacancy rate 23.04%

Buildings Under Construction

Number of buildings 12

Total square feet 2,285,200

Committed space 279,800

Committed, percentage of total 12.24%

Monthly Lease Rates Per Square Foot

Monthly Lease Rates Per Square Foot Existing Vacant Office Space Average $1.93 Low $1.25 High $2.74 Space Under Construction Average $2.06 Low $1.85 High $2.50 High Tech/Research & Development Space Sale price per square foot Average $91.32 Low $71.43 High $108.34 Lease price per square foot Average $0.78 Low $0.49 High $1.25 Manufacturing/Warehouse Space Sale price per square foot Average $104.01 Low $71.50 High $112.00 Lease price per square foot Average $0.59 Low $0.45 High $0.75 Source: Coldwell Banker FOCUS: JAMBOREE CENTER PHASE II

FACTS AND FIGURES

Address: 5 Park Plaza, Irvine

Developer: Irvine Co.

Architect: Skidmore, Owings & Merrill, San Francisco

Primary Contractor: Koll Construction

Broker: Tooley & Co.

Financing: Irvine Co.

Number of floors: 20

Square feet: 428,000

Use: Luxury Office

Cost (land and building): $75 million

Previous owner of land: Irvine Co.

Scheduled completion date: late 1988

Percentage of building leased: 25%

Parking capacity: 2,000

Projected rental cost per square foot: $1.80 and up

MAJOR TENANTS

Tenant Square feet

Geneva Cos. 100,000

Nissan 7,000

Source: Irvine Co.