2019 Q1 Los Angeles Market Report
Demand for office space continues to be fueled by technology, media, and co-working industries. Netflix has surpassed 1 million square feet leased in the Los Angeles area. Along with Netflix’s expansion, HBO and Amazon have cemented their footprints in Culver City. The Los Angeles County unemployment rate continues to fall to all-time lows. New, speculative construction has slightly slowed compared to what had been delivered to the market over the last several years. Vacancy rates remain stable as new developments are leased by larger occupiers. Overall, the Los Angeles real estate market continues its strong run in this cycle, out-competing most other large cities throughout the US.