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Salas, Diana <br />From: Bill B <billbonnett@gmail.com> <br />Sent: Tuesday, November 19, 2019 11:28 AM <br />To: Pulido, Miguel; Sarmiento, Vicente; Penaloza, David; Solorio, Jose; pbacerra@santa- <br />ana.org; Villegas, Juan; Iglesias, Cecilia; eComment <br />Cc: North Santa Ana Preservation Alliance NSAPA; Fregoso, Vince; Kelaher, Selena <br />Subject: 3rd Quarter 2019 Orange County Office Report by Colliers International <br />Attachments: 2019 Q3 Office Orange County Report by Colliers International.pdf <br />Dear Mayor and Councilmembers: <br />Attached is a report prepared by a leading commercial real estate brokerage that has researched and reported on <br />the Orange County Office Building market. <br />This report can provide valuable insight, especially since there is a Rezoning and General Plan amendment <br />proposed for the 2525 Main St business location. <br />This report should be used to understand the current market and forecast for this segment of the Orange County <br />Office Market. There are also submarkets, by region of Orange Co <br />document. unty, researched and reported in this <br />The Orange County Office building vacancy rates expressed by the Applicant of 2525 Main St Residential <br />Project should be Directly Compared to this research report. <br />The Applicant, on many occasions, has stated a much higher Office vacancy rate than is supported by research, <br />such as this detailed report. <br />2525 Main Street is an excellent business location and should most definitely remain zoned for professional <br />office use, to support local job sites for Santa Ana residents. <br />It's time to put Santa Ana Residents First <br />It's time to support more newly built professional office locations in Santa Ana <br />Regards, <br />Bill Bonnett <br />Park Santiago <br />