2022 Q1 Greater Los Angeles Retail Research Report

Key Takeaways

• Vacancy hit a slight decline at 6.3%, which is 10 basis points lower than last quarter. However, rents have continued to move upward, recording an average $2.27 NNN PSF.
• Net absorption closed at a positive 1.8M SF, which is on par with last year’s positive trend.
• Unemployment rates recorded at 5%, which is a 50% decrease compared with last quarter.