The Orange County economy is diverse, with jobs in various concentrated sectors such as medical and tech in Irvine. The trade, transportation, and utility sectors added up to 29,800 jobs for a 13.6 percent increase year-over-year. This increase is no surprise given the record highs experienced at Los Angeles and Long Beach ports due to increased consumer online spending. Combined, these two ports recorded 47.1 percent more traffic in May than the previous year. Although Orange County is not considered an industrial logistics hub, the proximity to the Los Angeles and Long Beach Ports and major thoroughfares have translated over to the market. Further, the thriving biotechnology and medical device scene in Orange County have kept industrial fundamentals tight in recent years. Orange County’s industrial sector has shown more resiliency than other commercial property sectors.