LOS ANGELES—High-technology companies haveaccounted for 20% of the major national officeleasing this year, according to a new report fromCBRE. Los Angeles is in the top 10 cities, rankedninth overall, to see significant rent growth as a result of thestrong presence of technology companies and technology jobgrowth.

While Los Angeles is ranked in the top ten, the L.A. submarketof Santa Monica, which is the city's largest technology market,ranks fourth in the country for rent growth. In the second quarterof this year, the market had per-square-foot rents of $57 annuallyand a vacancy rate of 7.5%. By comparison, the L.A. marketgenerates $32 annual rents per square foot with a 16.8%vacancy.

NationalBuilder signed the largest office leaseso far this year for 54,800 square feet at 520 S. Grand Avenue.Butterfield Productions andBuzzFeed also signed significant leases.Butterfield Productions signed up for 42,300 square feet at 1950Sawtelle Ave., while BuzzFeed comes in third with a40,000-square-foot lease at 6322 De Longpre Ave.