There were a few signs of improvement in the office market in Greater Los Angeles in the first quarter, but you have to drill down into some gloomy numbers to find them.

On the negative side, the vacancy rate in Greater L.A. remains at nearly 24%. An additional 2.4M SF of space was put on the market in the first quarter, increasing total office availability 110 bps to another record high of 28.3%, according to the latest market report from Colliers.


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Jack Rogers

GlobeSt

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