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Petra Durnin is the director of research and analysis for the Southern California market at CBRE.

Large office tenants are renewing their leases early. According to research from CBRE, office tenants occupying 75,000 square feet or more in the greater L.A. area and Orange County renewed their leases an average of 22 months in advance since 2012. This timing allows users to make the best economic decision and to weigh rising rents. The same report also showed that tenants leased an average of 135,000 square feet with an average lease term of 101 months.

Kelsi Maree Borland

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