Los Angeles Q3 2018 Occupier's Guide
Average rental rates continue to increase throughout the Greater Los Angeles area. As noted in the last quarterly report, vacancy continues to slightly decrease as new developments are being leased, specifically in areas like Culver City, Hollywood, and the Arts District. With that said, as we enter into the later phases of this real estate cycle, we may see a slight decline in the amount of new construction coming online. Technology, media, and coworking firms continue to drive demand. Along with WeWork, several foreign based coworking operators have leased space throughout the Westside.