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Doug ResslerOffice sales volume has fallen this year, compared to the same time last year, according to ta report from Yardi’s Commercial Café. In Q317, office sales were down 60% and 55% year-over-year. Despite the drop, L.A. still ranks number one in office sales volume in the country and ended the third quarter with $934 million in office sales. There were 12 total sales during the quarter, which totaled 2.33 million square feet trading hands. The average price per square foot continued to trend upward to $38, a 28% increase from the second quarter. To find out more about trends in office sales, we sat down with Commercial Café’s Doug Ressler.

GlobeSt.com: What led to this significant drop in L.A. office sales volume?

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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.

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