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Los Angeles Market Reports

Los Angeles Office Market

Average Asking Rent (Price/SF/Mo) $3.24
Vacancy Rate (%) 14.7%
Net Absorption (SF) 63,902

West Los Angeles led other submarkets in positive gains after notable move-ins from Tesla (131,071 square feet) in Marina Del Rey, WeWork (69,534 square feet) in West Hollywood and Spaces (60,684 square feet, a co-working provider) in Hollywood. Downtown Los Angeles followed after occupancies from Spaces (50,970 square feet) and Jerde Partnership (18,819 square feet, in a move from Venice), among others.

Los Angeles Industrial Market

Average Asking Rent (Price/SF/Mo) $0.78
Vacancy Rate (%) 1.1%
Net Absorption (SF) 2,414,074

More than 1.9 million square feet in net occupancy gains this quarter came from new construction delivered since 2017. The quarter's top move-ins included Glenair (529,179 square feet across two facilities in Arcadia) and UPS (478,596 square feet in La Mirada).



Los Angeles Office Market Report
1Q18
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Los Angeles Industrial Market Report
1Q18
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