Downtown Los Angeles office market report (Q4 2021)February 17, 2022
Traditional office asset pricing is poised to continue to soften; however, the sizable spread between investment yields and benchmark rates and lower pricing could attract new capital sources, especially for cash-flowing properties.
- 7.1% unemployment rate
- -5.9% change in office-using employment
- -63.6% change in average office visitor volumes
- 67% vaccination rate
- -23% change in overall visitor volumes