Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Michael Arnold Michael Arnold

The sublease supply in West L.A. is rising, and it is likely to have a big impact on office rents this year. A surplus of sublease supply came onto the market in the first quarter of this year, and it is giving office tenants—especially tenants looking for creative and quality space—more options. While the sublease supply hasn’t impacted rental rates yet, the spaces are getting healthy attention from potential tenants.

“We are seeing a glut of sublease space in the market, and I think that is going to hinder the ability for landlords to increase rental rates,” Michael Arnold, EVP at NAI Capital, tells GlobeSt.com. “Landlords are going to have to rethink their ability to push rents without taking a pause and evaluating the competitive offers on the market. I don’t think we are going to continue to see this extreme escalation in rental rates.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

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.

More from this author


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.