{"id":1004779457,"date":"2026-07-24T02:56:33","date_gmt":"2026-07-24T10:56:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004779457"},"modified":"2026-07-28T01:37:56","modified_gmt":"2026-07-28T09:37:56","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 Sector Still Shines"},"content":{"rendered":"\n

Los Angeles’ office sector continued to post strong fundamentals in the first five months of the year, according to Yardi Matrix data. Development activity remained elevated when compared to most gateway markets, while construction starts reflected the broader national slowdown and shifting demand for space.<\/p>\n\n\n

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One of Los Angeles’ current developments is Echelon Studios, a 600,000-square-foot production campus including 375,000 square feet of office space. Image courtesy of Bain Capital<\/em><\/figcaption><\/figure><\/div>\n\n\n

The vacancy rate continued to improve, clocking in well below the national average, while office investment and pricing kept the metro among the highest ranking markets in the country. The City of Angels also boasted one of the largest coworking footprints nationally in May.<\/p>\n\n\n\n

Construction pipeline holds steady, new starts decline<\/h2>\n\n\n\n

Los Angeles had 2.2 million square feet of space underway across 12 projects at the end of May. The figure accounted for 0.7 percent of the metro’s existing stock\u2014on par with the national average.<\/p>\n\n\n\n

Among gateway metros, the City of Angels ranked third for construction volume after Boston and Manhattan, each having 5.1 million square feet under construction.<\/p>\n\n\n\n