Los Angeles Office Market
| Average Asking Rent (Price/SF/Mo) | $3.51 |
| Vacancy Rate (%) | 13.9% |
| Net Absorption (SF) | -254,354 |
West Los Angeles was the driving force of the 2008 to early 2020 real estate cycle, with demand from tech and entertainment companies pushing rents to new highs. The pandemic-induced recession raises the question of what the future holds for the submarket.
Download Los Angeles Office Market Report 2Q20Los Angeles Industrial Market
| Average Asking Rent (Price/SF/Mo) | $0.88 |
| Vacancy Rate (%) | 2.0% |
| Net Absorption (SF) | -2,910,063 |
TEU volume at the ports of Los Angeles and Long Beach totaled nearly 5.1 million loaded containers in the first six months of 2020, down 10.8% over the same period in 2019. Imports, accounting for 3.6 million containers, dropped 11.3%, while exports took a 9.7% hit.