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Vacancy is up, so why are asking Los Angeles office rents seeing gains?

Trend this year represents a reversal from losses in 2022 and 2023

Compared to a year ago, rents are up by 1% in Los Angeles. (Getty Images)
Compared to a year ago, rents are up by 1% in Los Angeles. (Getty Images)

Average office asking rents in Los Angeles have seen modest, year-to-date gains, reversing the sliding rates of 2022 and 2023.

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