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2022 Q3 Greater Los Angeles Retail Research Report

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RETheroGLA_Q122

2022 Q3 Greater Los Angeles Retail Research Report

Key Takeaways

  • Vacancy continued its downward trend, closing out at 5.9% - the lowest rate since Q2 2020.
  • Average asking lease rates increased yet again to $2.38 NNN - a 10.3% change from the last recorded decrease in Q4 2020.
  • Net absorption skyrocketed this quarter, showing positive movement across all markets. Overall net absorption closed out at 2.9M SF.
  • Construction continues to move forward in the market, gaining 311K SF of new inventory and 1.9M SF underway.

RETthumbGLA_Q122

2022 Q3 Greater Los Angeles Retail Research Report

Download Report