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2021 Q4 Hollywood Mid-Wilshire Office Research Report

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OFFheroHWW_Q421

2021 Q4 Hollywood Mid-Wilshire Office Research Report

Key Takeaways

  • Hollywood/Mid-Wilshire finished 2021 with negative 138,344 SF net absorption, fairing better than other Los Angeles office markets.
  • There was some occupancy growth in Q4 as new office developments came online fully occupied.
  • Over 63% of the vacant office space in this office market is in Mid-Wilshire.
  • Average asking rates are decreased over the year in Hollywood and Mid-Wilshire by 1.2% and 12.8%, respectively.
  • The digital streaming industry will help keep market fundamentals in Hollywood healthy.

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2021 Q4 Hollywood Mid-Wilshire Office Research Report

Download Report