Los Angeles 2019 Q2 Market Report

Strong leasing activity on the Westside continues to be the main contributor to an overall healthy Los Angeles area real estate market. With that said, Downtown Los Angeles played a large role this past quarter with several large leasing transactions. Ghost Management Group, LA Care Health Plan, and WeWork all leased large blocks of space in the Downtown Los Angeles area. Midway through the year, the real estate market remains strong as we saw positive net absorption and a slight decrease in the vacancy rate this quarter. Large blocks of space are continuing to be leased by enterprise companies like Facebook, HBO, and Netflix. Thus, leasing activity should remain positive through this upcoming quarter.