West Los Angeles office market reports
Q2 2024
Leasing activity
Only 977,672 square feet of West LA office space was leased for Q2 2024, showing a slowdown in tenant activity in the market.
Absorption
The West Los Angeles office market hit its first positive quarter of net absorption in Q2 2024 after 3 straight negative quarters.
Maturing debt
Over the course of the next three years, there are almost $4 billion dollars in CMBS loans set to mature in West LA.
Remote job postings
Remote job postings currently sit at 85K as of June 2024 for Los Angeles.
Unemployment rate
The Los Angeles unemployment rate currently sits at 4.3%, the lowest rate since September 2022, where the market saw a post-pandemic increase in jobs being secured.
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Get in-depth office market reports and insights from commercial real estate experts in the Greater Los Angeles area. Avison Young advisors look at LA's commercial real estate activities and the latest county statistics to provide you expert market research on LA's office properties.
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