Despite several large office leases signed in Q2 2022—including the largest lease in the market this year, a deal for more than 200K SF signed by Amazon—office leasing activity in Los Angeles dropped by 20% during Q2, according to the latest report from Savills Research.

According to Savills, leasing activity totaled 2.8M SF in Q2 in the LA market, dropping from 3.6M SF in Q1.

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