Los Angeles

LOS ANGELES—In 2016, the L.A. office market hit its peak. The office investment market broke the record for a 10-year total sales volume, with a total of $9.6 billion in sales volume, according to a joint study between Commercial Café and Yardi Matrix. The spike in activity was even more impressive considering that 2015 saw a decrease in sales volume, and 2014, the previous peak, raked up only $6 billion in sales volume by comparison.

“The L.A. office market experienced a bounce back year in 2016 after a slight decline in 2015 in sales volume and total square feet,” Chris Nebenzahl, a senior analyst at Yardi, tells GlobeSt.com. “Strong demand for office space was generated from continued employment growth especially in sectors such as education and health services and financial activities. The continued revitalization of Downtown L.A. has increased demand for assets and increased commercial property valuations.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

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.

More from this author



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.