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Westside Flex Market is Prospering

  • ​With very little new construction delivered over the past 11 years and nothing in the pipeline, vacancy in the Westside flex market has dropped 1250 basis points and currently sits at an all time low of 5.1 percent.
  • Overall average asking rents hit a new high of $1.13 NNN per month in Q2 2017, an increase of 8.7 percent year-over-year.
  • For larger tenants, there are currently only 2 available spaces with 50,000 square feet of contiguous flex space on the Westside.
  • The most notable sale to have occurred on the Westside in 2017 has been the sale of AmberGlen Corporate Center to Graymark for $33M ($157 per square foot).​

Source: JLL Research




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