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2022 Q2 Greater Los Angeles Retail Research Report

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RETheroGLA_Q222

2022 Q2 Greater Los Angeles Retail Research Report

Key Takeaways

  •  Vacancy rate continued to decrease for the fifth consecutive quarter, closing out at 6.2%.
  • Average asking lease rates increased for the sixth quarter to $2.35 NNN - a 9% change from Q4 2020.
  • Net absorption was down from a year ago, recording 875K SF of positive demand.
  • Construction continues to move forward in the market, having gained 273K SF of new inventory this quarter, with 2.1M SF still underway.

RETthumbGLA_Q222

2022 Q2 Greater Los Angeles Retail Research Report

Download Report