L.A. Second in Nation For Office Rent Growth
Office rents in Los Angeles have grown nearly 16% since 2016, fueled by tech and entertainment tenants.
Los Angeles is second in the nation for rent growth. According to the Tech 30 report from CBRE, office rents in Los Angeles have grown 15.8% in the last two years, making it the second tech market in the nation for office rent growth, behind Atlanta and followed by Orange County. This is a significant increase from last year, when Los Angeles was ranked 12th in the same report. While this illustrates substantial growth, experts say that it was not unexpected, considering the increase in leasing activity.
Read more here