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88.9%
- Demand for office space in Los Angeles is now up 88.9% over the past 13 months. While a VODI of 100 is considered the par for pre-pandemic “normal,” inherent volatility means that a VODI of less than 100 can be common even in normal times.
www.latimes.com/b2bpublishing/business-announcements/story/2024-04-25/demand-for-office-space-grows-amid-subsiding-work-from-home-rates
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Jun 1, 2023 · As of Q1 2023, available sublease office space in LA has increased by 190% and currently makes up 17% of available space in the market. Vacant sublease space now makes up nearly 11% of total vacant office space in LA. Here’s an overview of the key trends we’re seeing.
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Apr 25, 2024 · Demand for office space in Los Angeles is now up 88.9% over the past 13 months. While a VODI of 100 is considered the par for pre-pandemic “normal,” inherent volatility means that a VODI of...
Currently, there is just over 11 million square feet of sublet space available compared to 9.3 million square feet that was available a year ago and the pre-pandemic amount of 4.3 million square feet. Currently, 22% of the total office market is available for lease or 69.4 million square feet in Los Angeles. -12.4 M.
Jul 22, 2024 · The Los Angeles office market total availability rate increased to 28.5% due to additional sublease space on the market. Direct availability remained unchanged over the quarter, while sublease availability reached a record 5.1%. Much of the sublease space added was in West Los Angeles and South Bay.
Apr 5, 2021 · The L.A. office market now has 51 million square feet of vacant space or available for sublease, according to a new report from Savills. The numbers are staggering.
Given the ongoing uncertainty on how office tenants will use space over the long term, a number of recent sales show substantial savings from earlier sale prices. ECONOMIC REVIEW ECONOMIC FACTORS on the Los Angeles office market varied depending on the submarket. The West Los Angeles submarket has shown some resilience, with vacancy rates remaining
Apr 26, 2024 · Demand for office space in Los Angeles has shot up nearly 90% over the past 13 months, per the VTS index. Since August 2022, demand in New York City has also skyrocketed—by nearly 96%.
