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Jonathan Larsen Jonathan Larsen is a principal and managing director at Avison Young.

Office cap rates may be about to hit a wall, according to the first quarter report from Avison Young. The report—which showed a rocky first quarter with 426,000 square feet of negative absorption and a 14.5% overall vacancy rate in Los Angeles—predicted a flattening of cap rates in office over the next 12 months due to rising interest rates, higher treasury bill rates and the slow rate of inflation, according to the report. To find out more about this emerging trend and how it will impact investment activity in Los Angeles, we sat down with Jonathan Larsen, principal and managing director at Avison Young, for an exclusive interview.

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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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