q4 2019 market reports
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.
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.
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.
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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