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2022 Q1 Greater Los Angeles Retail Research Report

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RETheroGLA_Q122

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.

RETthumbGLA_Q122

2022 Q1 Greater Los Angeles Retail Research Report

Download Report