Greater Los Angeles Office Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield, Kidder Mathews, Colliers
Quarterly office market indicators for Greater Los Angeles, aggregated by CREhunt from Cushman & Wakefield, Kidder Mathews, Colliers. As of Q2 2026, average asking rent was $44.16/SF/yr and vacancy was 23.4%, per Cushman & Wakefield.
Projected current office pricing — Greater Los Angeles
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Greater Los Angeles office yet, so this applies the typical cap rate across comparable office markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q2 2026 multiple brokerages asking-rent data (benchmark cap rate 6.5%–8.6%, asking rent held flat). Assumes ~92% occupancy (vacancy not reported) and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Cushman & Wakefield | $44.16/SF/yr | 23.4% | -372K SF | — | Cushman & Wakefield |
| Q2 2026 Kidder Mathews | $42.00/SF/yr | 17.8% | -1.5M SF | — | Kidder Mathews |
| Q3 2025 Cushman & Wakefield | $42.96/SF/yr | 23.9% | -515K SF | — | Cushman & Wakefield |
| Q3 2019 Cushman & Wakefield | $44.24/SF/yr | 24.0% | 193K SF | — | Cushman & Wakefield |
| Q2 2018 Colliers | $39.84/SF/yr | 10.2% | 805K SF | — | Colliers |
| Q2 2018 Cushman & Wakefield | — | 41.4% | 0 SF | — | Cushman & Wakefield |
| Q3 2017 Cushman & Wakefield | $43.08/SF/yr | 4.5% | -6 SF | — | Cushman & Wakefield |
Office asking rents by submarket
The newest asking rent a named brokerage's report published for each Greater Los Angeles office submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| 190th Street Corridor | $2.94/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Beach Cities/Palos Verdes | $3.19/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Burbank | $4.27/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Calabasas/Westlake Village | $2.77/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Downtown CBD | $3.92/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Downtown Long Beach | $2.79/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Downtown Los Angeles | $2.97/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Downtown Non-CBD | $3.57/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| East Downtown | $4.76/SF/mo CBRE · Q1 2026 | CBRE, Q1 2026 |
| East Hollywood/Silver Lake | $4.11/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Eastern SFV | $2.48/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| El Segundo | $4.20/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Encino | $2.71/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Glendale | $3.21/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Hawthorne/Gardena | $2.35/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Hollywood | $4.09/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Hollywood/Wilshire Corridor | $3.63/SF/mo CBRE · Q1 2026 | CBRE, Q1 2026 |
| LA North | $2.51/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| LA South | $3.10/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| LA West | $5.00/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| LAX | $2.29/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Mid-Cities | $2.92/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Mid-Counties | $2.79/SF/mo CBRE · Q1 2026 | CBRE, Q1 2026 |
| Mid-Wilshire | $3.18/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Miracle Mile | $4.03/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| North Hollywood | $3.30/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Park Mile | $3.08/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Pasadena | $3.57/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| San Fernando Valley | $2.77/SF/mo CBRE · Q1 2026 | CBRE, Q1 2026 |
| San Gabriel Valley | $2.54/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Sherman Oaks | $2.69/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| South Bay | $3.32/SF/mo CBRE · Q1 2026 | CBRE, Q1 2026 |
| Southeast Los Angeles | $2.70/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Studio/Universal Cities | $3.22/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Suburban Long Beach | $2.96/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Tarzana | $2.86/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Torrance | $3.15/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Tri-Cities | $3.66/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| West Hollywood | $4.82/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| West Los Angeles | $5.05/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Western SFV | $2.69/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Woodland Hills/Warner City | $2.44/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
How the brokerage sources compare
For Q2 2026, the brokerages CREhunt aggregates for Greater Los Angeles office did not fully agree. On vacancy, the sources span 5.6 points — from 17.8% (Kidder Mathews) to 23.4% (Cushman & Wakefield). Asking-rent estimates differ by $2.16/SF/yr — from $42.00/SF/yr to $44.16/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| Cushman & Wakefield | 23.4% | $44.16/SF/yr | — |
| Kidder Mathews | 17.8% | $42.00/SF/yr | — |
Per-brokerage figures for Q2 2026, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for office space in Greater Los Angeles?
- As of Q2 2026, the average asking rent for office space in Greater Los Angeles was $44.16/SF/yr, per Cushman & Wakefield.
- What is the office vacancy rate in Greater Los Angeles?
- The office vacancy rate in Greater Los Angeles was 23.4% as of Q2 2026 (Cushman & Wakefield).
- 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, Kidder Mathews, Colliers.
- How much do brokerage estimates differ for office space in Greater Los Angeles?
- For Q2 2026, the brokerage sources CREhunt aggregates for Greater Los Angeles did not fully agree. On vacancy, the sources span 5.6 points — from 17.8% (Kidder Mathews) to 23.4% (Cushman & Wakefield). Asking-rent estimates differ by $2.16/SF/yr — from $42.00/SF/yr to $44.16/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.