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Los Angeles Market Reports

Los Angeles Office Market

Average Asking Rent (Price/SF/Mo) $3.34
Vacancy Rate (%) 14.3%
Net Absorption (SF) 568,507

Leasing activity in late 2018 set a new tone for a market that has historically lagged other major U.S gateways. Namely, household-name tech companies, looking to create and control their own media, aggressively expanded their footprints and competed for large, available blocks of Class A space in the basin's western half.

Los Angeles Industrial Market

Average Asking Rent (Price/SF/Mo) $0.85
Vacancy Rate (%) 1.2%
Net Absorption (SF) 1,017,959

Vacancy remains the tightest in the country, while new construction continues to drive leasing activity. Absorption was muted this quarter after 1.0 million square feet came online in Mid-Cities. A former JC Penney distribution is undergoing renovations and division into six units.



Los Angeles Office Market Report
1Q19
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Los Angeles Industrial Market Report
1Q19
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