The fourth quarter of 2015 concluded with decreased vacancy rates and positive net absorption in both Los Angeles and Orange Counties. The average office building vacancy rate in Los Angeles County at the end of the fourth quarter decreased to 11.0% (Class A is 14.0%), down 0.5% from the end of 2014. In Orange County,...Read More
The Orange County and Los Angeles County markets ended the second quarter 2015 with decreased vacancy rates and increased rental rates. Orange county vacancy rate decreased 0.3% to 10.1% (Class A is 12.7%) while Los Angeles County had a 0.4% decrease to 11.2% (Class A is 14.5%). The average asking rental rate in Los Angeles...Read More
With 2014 behind us, we see the market shifting from a Tenant’s Market towards a Landlords market. Vacancy rates are trending down over the last three to four quarters and rental rates are increasing. The average office building vacancy rate in Los Angeles County at the end of the 4th quarter is 11.5% (Class A...Read More
One of the primary considerations of any lease is the length of the Lease Term. Sometimes flexibility requires a very short lease, and sometimes a lease needs to be longer to amortize a significant tenant improvement investment. So, how long of a lease term should you sign up for? There are quite a few factors to...Read More
Leasing Activity So is it a Tenant’s Market or a Landlord’s Market? The buzz seems to be that the market is tightening and that rates are on the rise, and their is evidence of improvement in many submarkets. However, the average vacancy rate in Los Angeles County Office Buildings at the end of the 1st quarter...Read More
Is it a Landlord’s market yet? In a word, “No.” However, the overall office market made significant gains in 2013. And, as in the past, there are winners and losers from market to market and project to project. Nationally, as result of continuing employment gains in the office using sector of the economy, the...Read More
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