Los Angeles Office Market Hits a New High In Q1 Leasing, But Historic Vacancy Dampers Positive News

The Los Angeles office market kicked off 2024 with a surge in leasing activity, a glimmer of hope in an otherwise subdued landscape. A total of 3.2 million square feet (msf) of office space were leased in the first quarter, a notable 45 percent jump from the previous quarter and a 13 percent increase year-over-year. […]