Los Angeles Office MarketView Insert Q3 2019

October 22, 2019

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  • 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.