As the year began, conditions in the Los Angeles office market continued eroding. The average vacancy rate at the end of February was 15.9%, up from 15.4% at the start of 2024 and 14.4% at the end of February 2023.
Los Angeles Office Vacancy Rise Endures in Early 2024
Occupancy Losses Expected To Extend Well into 2025
By Ryan Patap
CoStar Analytics
March 7, 2024 | 10:08 P.M.
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IN THIS ARTICLE
- Properties
- Bank Of America Plaza
333 Hope St, Los Angeles, CA
- Two California Plaza
350 Grand Ave, Los Angeles, CA
- The Gas Company Tower
555 5th St, Los Angeles, CA