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Los Angeles Office Market Outlook 2Q 2017

09/06/2017
Published By: NAI Capital Research

MARKET OVERVIEW
In the second quarter of 2017 the Los Angeles office market continued to remain strong, as average direct asking rents made year over year gains. The average asking rent increased 6.3% over last year to $3.02/SF this quarter, while the vacancy rate increased 10 basis points to 11.4% following the delivery of 705,454 square feet of office space. The largest project delivered was Wilshire Grand Center, which delivered 372,775 square feet of new class A office space in the heart of Downtown Los Angeles.

Release Date09/06/2017 - 11:16

Source

NAI Capital

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