Los Angeles Office Market
| Average Asking Rent (Price/SF/Mo) | $3.72 |
| Vacancy Rate (%) | 20.0% |
| Net Absorption (SF) | -1,968 |
Most tech company valuations have suffered notable losses in recent months. This is leading to cost-cutting measures, notably among firms that aggressively staffed up in recent years and exponentially grew their real estate footprints.
Download Los Angeles Office Market Report 3Q22Los Angeles Industrial Market
| Average Asking Rent (Price/SF/Mo) | $1.61 |
| Vacancy Rate (%) | .9% |
| Net Absorption (SF) | -106,974 |
Landlords continue to have the upper hand in lease negotiations, as evidenced by the sustainedly high starting rents. Starting rent for warehouse leases over 50,000 square feet with a minimum clearance height of 30’ in the region’s infill submarkets currently average $1.80/SF to $2.20/SF, compared with $1.15/SF to $1.40/SF from 12 months ago.