{"id":1004763282,"date":"2025-07-11T01:31:00","date_gmt":"2025-07-11T09:31:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004763282"},"modified":"2025-07-11T05:40:28","modified_gmt":"2025-07-11T13:40:28","slug":"los-angeles-keeps-strong-office-sales-momentum","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/los-angeles-keeps-strong-office-sales-momentum\/","title":{"rendered":"Los Angeles Office Sales Maintain Strong Momentum"},"content":{"rendered":"\n

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\"Exterior<\/a>
The creative office building known as The Entrada came online in 2021 and changed ownership earlier this year. Image courtesy of Yardi Research Data<\/em><\/figcaption><\/figure><\/div>\n\n\n

Los Angeles carried forward the solid pace it established last year, according to the latest Yardi Research Data. Year-to-date through May, office pricing placed the City of Angels in second place among the nation\u2019s top-performing markets. Investor appetite also remained steady through the first five months of the year, with sales volume surpassing $1 billion\u2014securing L.A.\u2019s spot once again among the leading metros for office deals.<\/p>\n\n\n\n

Construction activity improved as developers kept adding new projects to the pipeline. The metro recorded some significant new leases and renewals, while average asking rents held steady.<\/p>\n\n\n\n

Strong deals put L.A. among top performers<\/h2>\n\n\n\n

Los Angeles\u2019 office investment volume<\/a> reached approximately $1.1 billion in May. The amount placed the metro on the fifth spot among the top 25 U.S. markets. Across gateway cities, Manhattan led the rankings with nearly $2.8 billion in deals, followed by Washington, D.C. ($2.6 billion) and Los Angeles, which surpassed Chicago ($794 million) and San Francisco ($769 million).<\/p>\n\n\n\n

The biggest transaction since the start of the year was Fenway Capital Advisors\u2019 $130 million acquisition of The Entrada, a 325,000-square-foot creative office building in Culver City, Calif. The property changed hands from Lincoln Property Co. at an average of $400 per square foot.<\/p>\n\n\n\n

Another notable deal was Kingsbarn Realty Capital\u2019s $105 million purchase<\/a> of a 115,591-square-foot mid-rise at 1601 Vine St. The Class A property is anchored by Skims and was sold by J.H. Snyder Co at $908 per square foot in April.<\/p>\n\n\n\n