Los Angeles Office Market
| Average Asking Rent (Price/SF/Mo) | $3.66 |
| Vacancy Rate (%) | 18.2% |
| Net Absorption (SF) | -936,039 |
Ongoing absorption losses in West Los Angeles caused the submarket’s vacancy to rise to 18.0%, a new high. Playa Vista, one of the most expensive micro-markets in the metro, recorded the biggest net absorption loss with 336,260 square feet after space givebacks from Fox Sports and WeWork.
Download Los Angeles Office Market Report 2Q21Los Angeles Industrial Market
| Average Asking Rent (Price/SF/Mo) | $1.01 |
| Vacancy Rate (%) | 1.5% |
| Net Absorption (SF) | 3,628,821 |
Warehouse contract rents in the core basin (excludes LA North) for direct leases over 50,000 square feet in warehouses constructed in the last 5.5 years had a weighted average of $1.04/SF/month in the first half of 2021, up 13.9% from 2020.
Download Los Angeles Industrial Market Report 2Q21