Newmark Q4 Los Angeles Office Market Report

1/8/21

Los Angeles Office Market

Average Asking Rent (Price/SF/Mo)$3.67
Vacancy Rate (%)16.5%
Net Absorption (SF)-1,363,093
Asking rent has yet to soften and remains high. Many landlords are reluctant to devalue their buildings, knowing a recovery is on the horizon.
DOWNLOAD LOS ANGELES OFFICE MARKET REPORT 4Q20


Los 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

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