Greater Los Angeles Office Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from , Cushman & Wakefield, , , Colliers
Quarterly office market indicators for Greater Los Angeles, aggregated by CREhunt from , Cushman & Wakefield, , , Colliers. As of Q1 2026, average asking rent was $42.36/SF with a 20.6% vacancy rate.
Projected current office pricing — Greater Los Angeles
Projected asking rent
$35.40–$35.52/SF/yr
Estimated sale value
$260–$340/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 5.8%, asking rent trend-adjusted to today). Assumes ~85% occupancy and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $42.36/SF | 20.6% | 143K SF | — | |
| Q1 2026 | $48.00/SF | 21.6% | 53K SF | — | Cushman & Wakefield |
| Q1 2026 | $35.40/SF | 14.7% | 87K SF | — | |
| Q1 2026 | $35.40/SF | 14.7% | — | — | |
| Q3 2019 | $15.00/SF | 2.0% | -50K SF | — | |
| Q3 2019 | $44.24/SF | 24.0% | 193K SF | — | Cushman & Wakefield |
| Q2 2018 | — | 41.4% | 0K SF | — | Cushman & Wakefield |
| Q2 2018 | $39.84/SF | 10.2% | 805K SF | — | Colliers |
| Q2 2018 | $19.20/SF | 3.0% | 245.2M SF | — | |
| Q3 2017 | $43.08/SF | 4.5% | 0K SF | — | Cushman & Wakefield |
Frequently asked questions
- What is the average asking rent for office space in Greater Los Angeles?
- As of Q1 2026, the average asking rent for office space in Greater Los Angeles was $42.36/SF.
- What is the office vacancy rate in Greater Los Angeles?
- The office vacancy rate in Greater Los Angeles was 20.6% as of Q1 2026.
- Where does CREhunt's Greater Los Angeles market data come from?
- This report aggregates quarterly office market data for Greater Los Angeles from Cushman & Wakefield, Colliers.
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