Figure
Los Angeles Office MarketView Insert Q2 2021
July 12, 2021
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- Greater Los Angeles boasted positive net absorption for the first time since the beginning of the COVID-19 Pandemic, with LA County experiencing positive net absorption of 302,690 sq. ft.
- Average asking lease rates fell to $3.70 from $3.79 FSG in Q1 2021. This was the first time rates fell since Q4 2018.
- 1.5 million square feet of office space was delivered in LA County this quarter, 80% of which was preleased.