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Los Angeles Market Reports

Los Angeles Office Market

Average Asking Rent (Price/SF/Mo) $3.49
Vacancy Rate (%) 14.1%
Net Absorption (SF) 148,505

Ground-up construction volume is at an all-time high with nearly 3.6 million square feet, 51.0% of which is pre-leased. An additional 5.0 million square feet is under renovation, including retail and industrial conversions to office.

Los Angeles Industrial Market

Average Asking Rent (Price/SF/Mo) $0.88
Vacancy Rate (%) 1.3%
Net Absorption (SF) 1,602,268

New supply continues to drive fundamentals in a market where the average building is 49 years old, and functional obsolescence is often an issue for tenants with space requirements. This year, for instance, 2.1 million square feet in absorption gains were recorded from the occupancies of facilities built over the last 24 months.



Los Angeles Office Market Report
4Q19
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Los Angeles Industrial Market Report
4Q19
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