Conditions in the Los Angeles office market continued to erode late in the fourth quarter of 2023. The average vacancy rate which hovers around 15.5%, is up from 15.1% on Oct. 1 and from 14.2% at the start of this year.
Los Angeles Office Vacancy Rate Ascends to New Heights in Late 2023
Occupancy Losses Expected To Extend Into Next Year
By Ryan Patap
CoStar Analytics
December 12, 2023 | 4:04 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Properties
- Two California Plaza
350 Grand Ave, Los Angeles, CA
- The Gas Company Tower
555 5th St, Los Angeles, CA