Los Angeles Office MarketView Insert Q3 2019
October 22, 2019
- In Hollywood, over 69% of new construction is pre-leased to large media companies that create content for their digital platforms.
- Greater LA average asking lease rates plateaued since reaching an all -time high of $3.44 per sq. ft.
- Net absorption was positive for the tenth straight quarter, but lower than recent historical averages at 90,746 sq. ft.