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Los Angeles Market Reports

Los Angeles Office Market

Average Asking Rent (Price/SF/Mo) $3.17
Vacancy Rate (%) 14.4%
Net Absorption (SF) 959,655

Newmark Knight Frank was tracking nearly 8.9 million square feet in active tenant requirements throughout Greater Los Angeles during the quarter. By industry segment, entertainment space needs comprised 22.7% of overall demand, followed by technology (15.0%) and business services (10.8%). These dominant industry segments echo recent leasing activity, and are expected to carry subsequent absorption gains in the quarters ahead.

Los Angeles Industrial Market

Average Asking Rent (Price/SF/Mo) $0.78
Vacancy Rate (%) 1.0%
Net Absorption (SF) 1,258,651

Import volumes at Southern California's ports are at record highs, industrial vacancy is hovering near a record low, and new construction is often the only reprieve for tenants in search of modern space. But which industry segments are actively taking new space? To answer this question, NKF Research compiled a list of leases signed in buildings that are 100,000 square feet or greater and have a 2010-plus construction date.

Los Angeles Office Market Report
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Los Angeles Industrial Market Report
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