Los Angeles Office Market
| Average Asking Rent (Price/SF/Mo) | $3.58 |
| Vacancy Rate (%) | 15.1% |
| Net Absorption (SF) | -1,848,049 |
Tech and media companies were at the forefront of leasing activity during the 2008 to early 2020 real estate cycle. While most of today’s subleases are from tech companies, several FAANG companies remain in expansion mode. To a degree, they will help offset space givebacks from smaller players.
Download Los Angeles Office Market Report 3Q20Los Angeles Industrial Market
| Average Asking Rent (Price/SF/Mo) | $0.89 |
| Vacancy Rate (%) | 2.0% |
| Net Absorption (SF) | -1,617,961 |
•Renewals and extensions drove leasing activity in a market where modern supply is in short supply. Only 13 existing Class A facilities are available.*
Download Los Angeles Industrial Market Report 3Q20