{"id":1004779457,"date":"2026-03-18T01:26:15","date_gmt":"2026-03-18T09:26:15","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004779457"},"modified":"2026-03-23T06:27:26","modified_gmt":"2026-03-23T14:27:26","slug":"los-angeles-office-market-update","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/los-angeles-office-market-update\/","title":{"rendered":"Los Angeles Office Vacancy Declines, Prices Stay Elevated"},"content":{"rendered":"
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\"Exterior<\/a>
Figueroa at Wilshire, a 1 million-square-foot office high-rise completed in 1990, changed ownership in June 2025. Image courtesy of Newmark<\/em><\/figcaption><\/figure><\/div>\n\n\n

Los Angeles’ office fundamentals entered 2026 with steady momentum, Yardi Matrix data shows.<\/p>\n\n\n\n

Construction activity remained relatively elevated compared to its peers, while office completions<\/a> slowed, mirroring national trends. Investor activity and sale prices continued last year’s positive traction, while vacancy decreased to one of the lowest recorded nationwide.<\/p>\n\n\n\n

In the first month of 2026, Los Angeles\u2019 pipeline comprised 2.6 million square feet across 12 projects underway\u2014accounting for 0.8 percent of its existing stock. Among gateway cities, the metro ranked third, behind Boston’s roughly 5 million square feet. In contrast, Washington, D.C. had the smallest pipeline at 876,821 square feet underway.   <\/p>\n\n\n\n

Long-running projects sustain construction activity<\/h2>\n\n\n\n

For competitive space specifically, the City of Angels’ office sector had roughly 2.1 million square feet under construction, accounting for 0.7 percent of its total stock\u2014slightly above the 0.4 percent national average. When adding projects in the planning stages, Los Angeles\u2019 figure accounted for 2.2 percent of its inventory, ranking seventh among the top 25 U.S. markets.<\/p>\n\n\n\n

The Los Angeles office sector placed fourth among its peers in terms of development activity. Boston kept the top position with 4.1 million square feet, followed by Manhattan (2.8 million square feet) and Dallas (2.5 million square feet).<\/p>\n\n\n\n