q4 2019 market reports

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GREATER LOS ANGELES

The Greater Los Angeles Basin office market posted positive demand of 2.2 million square feet for the year. Construction deliveries of 3.2 million square feet have caused vacancy to jump 30 basis points to 14.2% from the start of the year. 

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downtown

los angeles

The overall asking rental rate rose to $3.63 per square foot (PSF) full service gross (FSG), an increase of 3.5% year-over-year.

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hollywood/

wilshire

The average rent in Hollywood/Wilshire Corridor at the end of 2019 rose to $2.90 per square foot (PSF) full service gross (FSG), a $0.10 difference from last quarter. 

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west

los angeles

The average asking monthly rent for West Los Angeles increased every quarter in 2019, finishing at $4.93 per square foot (PSF) full service gross (FSG). 

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your guide to dtla office space

Downtown Center BID helps you explore, experience, and find the DTLA that's right for you. 

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