Los Angeles office market report
Q2 2026
Greater Los Angeles office fundamentals softened in Q2 2026. Resilient Trophy demand out of Downtown was outweighed by sizable give-backs in West LA and across the Class A, B, and C segments, pulling net absorption negative, while the average asking rent eased to $42.76 psf.
Net absorption
Greater Los Angeles office net absorption turned negative in Q2 2026, at -243k sf, as a large give-back in West LA outweighed continued Trophy demand out of Downtown.
Asking rents
The average FS asking rent in Los Angeles eased to $42.76 psf, pulled lower as West LA repriced and carried more weight in the market.
Availabilities
Total availability stood at 23.5% and total vacancy at 21.2% in Q2 2026, holding near prior-quarter levels even as net absorption turned negative.
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