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Los Angeles Market Reports

Los Angeles Office Market

Average Asking Rent (Price/SF/Mo) $3.26
Vacancy Rate (%) 14.5%
Net Absorption (SF) 231,144

Santa Monica, Hollywood and El Segundo/Beach Cities collectively logged 85.1% of Greater Los Angeles' absorption gains in 2017. Santa Monica is the epicenter of Silicon Beach. It commands the priciest rents in the metro and had several large block move-ins from Snap, Oracle, AwesomenessTV and Kite Pharma. Hollywood received a big absorption boost after Netflix settled into 415,226 square feet of new space. El Segundo/Beach Cities, meanwhile, where the Class A rent is substantially less than Santa Monica, Marina Del Rey/Venice and Playa Vista, continued to attract tenants priced out of Silicon Beach.

Los Angeles Industrial Market

Average Asking Rent (Price/SF/Mo) $0.76
Vacancy Rate (%) 1.1%
Net Absorption (SF) 1,569,773

Construction deliveries this year set a new market high with 6.0 million square feet, and was spread across the metro's five submarkets. Approximately 60.4% of this space has been absorbed, which reinforces tenants' appetite for modern space. Deliveries in 2017 well exceeded the market's previous record of 4.2 million square feet in 2004.

Los Angeles Office Market Report
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Los Angeles Industrial Market Report
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