The 202.6-million-square-foot Los Angeles general purpose, multi-tenant office market saw rents continue to improve in the first quarter of 2019. Occupancy, while high, was steady. Reis reports a first quarter 2019 vacancy rate of 14.4%, unchanged from the prior quarter and unchanged from a year earlier. Rents opened 2019 with healthy gains, as is usually the case in the Los Angeles office market. Reis reports first quarter average asking and effective rents of $39.10 psf and $32.02 psf, both up 0.5% over the quarter and up 2.8% and 2.9%, respectively, over the year.