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Office Insight

United States | Los Angeles, CA

Report | Los Angeles Office Insight - Q2 2017

Summary


Strong second quarter growth eased the sting of a tough first quarter in Los Angeles. Healthcare was especially impactful in Q2 with a handful of large leases being signed.

As the price point in Playa Vista rises, tenants are turning their attention back to Santa Monica, the original epicenter of Silicon Beach. Tenant demand should continue to chip away at vacancy throughout the remainder of the year with the market in no way oversupplied with new ground-up development.

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