As office demand remains muted, Greater Los Angeles has 2.8 million square feet of office developments underway, down from a high of 8.5 million square feet in the second half of 2020. Additionally, demolitions and conversions actually removed 450,000 square feet from the market over the past 12 months.
With vacancy on the rise, office development wanes in Los Angeles
Soft market conditions hold back developers from starting projects
By Ryan Patap
CoStar Analytics
December 9, 2024 | 6:49 P.M.
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