Widely considered to be one of the more affluent suburbs in Orange County, a popular destination in the state of California, the city of Irvine features a residential population of approximately 230,000 inhabitants. Initially conceived and designed by the Irvine Company, the city of Irvine is geared towards individuals, couples and families looking for a more domestic residential experience than can be found in the larger cities of California and the country at large. Business owners seeking rental properties for lease in Irvine, such as office space for rent and commercial space for rent, will find that this particular city is quite conducive for commercial activity and future growth. The numerous neighborhood zones of Irvine currently host a wide variety of businesses and corporate interests.
With a median household income level close to double that of state averages, Irvine is commonly considered an upper class / upper-middle class suburb. Some of the more popular occupations for residents of the community include positions in industries such as education, the professional, scientific, and technical services, as well as electronics, finance and health care. The area also benefits greatly from the presence of various academic institutions, all of which enroll college-age students from around the world. The University of California at Irvine is one of the largest employers in the city. According to recent studies, approximately 11% of the local population currently lives below the poverty line.
The city of Irvine’s early development can largely be linked to the development of the Santa Fe Railroad, which had become a vital economic lifeline for the country. In 1971, Irvine was officially incorporated as a city. In 1975, the city experienced an influx of Vietnamese migrants following the historic fall of Saigon during the Vietnam War. This early period of migration has served as the foundation for an ever growing and increasingly developed international presence in Irvine. Today, the city boasts a unique and nuanced cultural fabric that provides residents and tourists with numerous opportunities for enrichment and discovery.
The downtown region of Irvine has long been considered one of the more attractive areas for real estate leasing in the city. Thanks to the extensive volume of shopping and commercial retail activity that occurs here, it is likely that business owners seeking to catch the eye of local consumers should first look here.