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Office Insight

United States | Los Angeles, CA

Report | Los Angeles Office Insight - Q1 2017

Summary

​The Los Angeles office market took a slight step back in Q1, but the outlook remains promising. Unemployment is low, and the tech and media sectors stand on solid ground.

We see the construction pipeline as exceptionally light compared to past cycles, but demand is expected to remain brisk. That should give rents the opportunity to grow.

There was a significant quarterly uptick in sublease space across many submarkets. Consolidations, incentive-driven relocations and other business factors all played a role in the increase.

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