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In late 2024, LA retail rent growth lags most markets

Soft space demand due to economic underperformance and high labor costs restrain momentum
CoStar Analytics
December 18, 2024 | 10:43 P.M.

Los Angeles retail asking rent growth continues to trail nationwide momentum in late 2024. As of mid-December, the market posted 0.8% year-over-year rent losses, underperforming the 1.9% annual growth across the country.

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