Skip to main content Skip to footer

2021 Q4 Downtown Los Angeles Office Research Report

Download Report
OFFheroDTLA_Q421

2021 Q4 Downtown Los Angeles Office Research Report

Key Takeaways

  • The Downtown Los Angeles availability rate of 29.1% continues to be the highest of any Los Angeles office market.
  • High vacancies caused the Class A average asking rent to decrease by 4% over the year.
  • Net absorption for 2021 finished at negative 674,760 SF, with 61.3% of this occupancy loss in the Financial District.
  • Activity slowed with 174,382 SF leasing in Q4, the lowest quarterly amount recorded in 2021.
  • Recovery is lagging in Downtown Los Angeles compared to other submarkets that have more flexible low-rise product as high-rise demand remains lower.

OFFthumbDTLA_Q421

2021 Q4 Downtown Los Angeles Office Research Report

Download Report