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LOS ANGELES—The office market in Los Angeles is rounding out an incredible year. According to the third-quarter report from Cushman & Wakefield, office vacancy rates in Los Angeles dropped 1.9 percentage points to 15.1% and leasing activity is up 13.8% year-over-year with 11.2 million square feet leased during the quarter and occupancy gains of 2.3 million square feet.

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