Intelligence

Regional Summaries

Select a state to view available market snapshots

Los Angeles, CA

Apartment
The 796,272-unit market-rate, investment grade Los Angeles apartment market continues to have low vacancy and increasing rents, although the rate of increase has slowed. Reis reports a third quarter 2017 vacancy rate of 3.3%, unchanged from the first quarter and for that matter, back to the fourth quarter of 2016. Rent growth slowed down in the third quarter of 2017 after two active quarters. The average asking and effective rents rose 0.7% and 0.6%, respectively, to $1,867 and $1,797 per month. The year-over-year gains are 4.7% asking and 4.0% effective. VIEW APARTMENT LISTINGS >
Industrial
The Los Angeles warehouse/distribution market continues to post strong rent gains, although vacancy increased. Flex/R&D space has extremely low vacancy and healthy rent growth. Reis reports a third quarter 2017 vacancy rate of 5.1% for 454 million square feet of warehouse/distribution space in Los Angeles County, up 30 basis points from the prior quarter and down 50 year-over-year. Rents for warehouse/distribution space increased strongly in the third quarter of 2017. Reis reports the average asking and effective rents rose 1.4% and 1.5%, respectively, over the third quarter to finish at $7.19 psf and $6.75 psf. These rates are up 5.0% and 5.3% for the year. For 38.8 million square feet of Flex/R&D space, Reis reports a vacancy rate of 2.6% in the third quarter, up 30 basis points from the prior quarter and down 80 year-over-year. For Flex/R&D space, the average asking and effective rents were up 0.7% and 0.9% during the quarter to $12.30 psf and $11.22 psf. These rates are up 3.2% and 3.7% over the year. VIEW INDUSTRIAL LISTINGS >
Office
The 200.7-million-square-foot Los Angeles general purpose, multi-tenant office market finished the third quarter of 2017 with rising vacancy countered by another round of rent gains. Net absorption has been positive so far this year. Reis reports a third quarter 2017 vacancy rate of 14.0%, up 20 basis points from the prior quarter and up 50 basis points year-over-year. Office rents in Los Angeles had another solid quarter. The average asking rent rose 0.7% to $37.29 psf with the average effective rent up 0.6% to $30.44 psf, matching the second quarter’s gains. These rates are up 2.7% and 2.6% year-over-year. VIEW OFFICE LISTINGS >
Retail
The 67.5-million-square-foot Los Angeles community-neighborhood shopping center market finished the third quarter of 2017 with steady occupancy and continued rent increases, according to Reis. The community-neighborhood shopping center market’s third quarter vacancy rate of 6.0% is unchanged from the prior quarter and down 30 basis points over 12 months. The rate has remained close to the 6.0% mark since the end of 2009. The average asking rent finished the quarter at $32.40 psf and the average effective rent at $28.60 psf, up 0.2% and 0.3% for the quarter. The year-over-year gains are 1.2% and 1.3%, respectively. VIEW RETAIL LISTINGS >

Source: Data provided by Reis, inc.

Commercial Real Estate Market Information

Coldwell Banker Commercial has commercial real estate market statistics to help you find out more about your local commercial real estate market. Whether you are looking for commercial real estate market trends or information on a commercial real estate markets size, we have the commercial real estate market reports you need.Get the information you need to make wise commercial real estate decisions by checking out our commercial real estate market reports. If you did not find the commercial real estate market information you were looking for contact us today!

White Papers

 

     

Additional Resources