Is The Westside Office Reign Coming to an End?

Aleks Trifunovic is the president of Lee & Associates West L.A. office.

The Westside office market may be loosing its crown. This year, the Westside has seen a rapid increase in its creative sublease supply—including more than 1630,000 square feet of sublease space that came on the market from Snap Inc.—and some softening in tenant demand. While the market is still healthy with low vacancy rates and increasing rental rates, these emerging trends are important to watch. Aleks Trifunovic, a principal and the president of Lee & Associates West L.A., says that the market is returning to an equilibrium and a healthier dynamic for both tenants and landlords. We sat down with Trifunovic for an exclusive interview to talk about the market activity this year in West L.A.

GlobeSt.com: Tell me about the activity in the Westside office market this year.