This comes despite high vacancy and product trading at deep discounts.

Creating a dining area is at the top of the list of desires.

Before the new building performance standards, landlords lacked systems to understand performance.

Office saw $3.67 billion across 214 deals in 2025.

However, some California markets are projected to see a tick up in starts this year, before falling again.

Industrial and office are also showing encouraging signs in the market.

Leasing demand for Southern California grocery-anchored shopping centers has been strong.

Vacancy among Class A assets declined to 4% for the first time in the market.