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2021 Q3 Downtown Los Angeles Office Research Report

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Downtown Los Angeles Office Overview

  • Downtown Los Angeles availability reached 29.2%, the highest of any major Los Angeles office market.
  • Sublease availability stabilized and remained unchanged from Q2 at 3.5%.
  • There was no rent growth overall year over year, while Class A rates have decreased by 3%.
  • Year-to-date net absorption amounted to negative 440,882 SF in the Financial District, while Bunker Hill was relatively flat.
  • With only 193,636 SF of leasing recorded in Q3, the total year-to-date activity fell short of the amount signed this time last year.
  • Recovery is lagging in Downtown Los Angeles compared to other submarkets that have a stronger presence of tech, media and entertainment tenants.

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2021 Q3 Downtown Los Angeles Office Research Report

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