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Los Angeles Market Reports

Los Angeles Office Market

Average Asking Rent (Price/SF/Mo) $3.46
Vacancy Rate (%) 13.7%
Net Absorption (SF) 610,278

FAANG and media tenants are driving leasing activity and absorption gains this real estate cycle, as they pre-lease new offices long before they are completed. Activity is heavy in West Los Angeles, where 73.0% of its absorption over the past two years came from buildings that delivered over the same period. This quarter alone, five of the seven buildings that delivered were fully leased to Amazon, Netflix, Sirius XM and Universal Music Group. Notable completions included Vine Studios at 817 and 827 Vine Avenue, with 95,000 square feet leased to Netflix, and Culver Steps at 9300 Culver Boulevard, with 75,000 square feet leased to Amazon.

Los Angeles Industrial Market

Average Asking Rent (Price/SF/Mo) $0.87
Vacancy Rate (%) 1.1%
Net Absorption (SF) 1,635,099

NKF Research maintains a list of warehouse leases of 100,000 square feet and greater in order to provide insight on which industry segments are active. Activity totaled 7.6 million square feet across 41 tenant committals during the first nine months of the year, and although activity was diverse across industries, there were two notable standouts.

Los Angeles Office Market Report
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Los Angeles Industrial Market Report
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