2022 Q2 Greater Los Angeles Retail Research Report
- 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.