Office Leasing Activity Rebounds in First Half of Year

Tim Lee is the VP of corporate development and legal affairs at Olive Hill Group.

Office leasing has rebounded in the first half of 2018 after a slow end of 2017. Tech companies have made up the majority of the leasing activity this year, especially in the pre-leasing market for new construction. While leasing activity has rebounded, the Greater Los Angeles area still has a double-digit office vacancy rate and office conversions and redevelopment may impact the supply-demand dynamics. We sat down with Tim Lee, VP of corporate development and legal affairs at Olive Hill Group, to talk about the leasing activity in the market this year.

GlobeSt.com: At the end of 2017, office leasing activity had slowed. Have you seen that change in the first half of 2018?