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Office Rent Growth Best in Suburban Markets

According to a new report from CBRE, Los Angeles suburban markets are ranked 14th in the world for office rent growth.

Anthony DeLorenzo Anthony DeLorenzo

Los Angeles Suburban is ranked number 14 in the world for year-over-year office rent growth on CBRE’s annual Global Prime Office Occupancy Costs report. The report lists the top 20 global markets for rent growth, with Downtown Vancouver, Downtown Manhattan and Dallas making the list. This is the first time this cycle that the market has made the list for top rent growth. We sat down with Anthony DeLorenzo, SVP at CBRE, to talk about the rent growth in the market.

GlobeSt.com: What is driving rent growth in Los Angeles suburban markets?

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Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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