los angeles Office Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from Avison Young, CBRE, Savills, Kidder Mathews, JLL, Cushman & Wakefield, Lee & Associates
Quarterly office market indicators for los angeles, aggregated by CREhunt from Avison Young, CBRE, Savills, Kidder Mathews, JLL, Cushman & Wakefield, Lee & Associates. As of Q1 2026, average asking rent was $43.65/SF/yr and vacancy was 24.0%, per Avison Young.
Projected current office pricing — los angeles
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for 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 Q1 2026 multiple brokerages asking-rent data (benchmark cap rate 6.5%–8.6%, asking rent trend-adjusted to today). Assumes ~76% occupancy and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 Avison Young | $43.65/SF/yr | 24.0% | 538K SF | — | Avison Young |
| Q1 2026 CBRE | $49.56/SF/yr | 25.5% | — | — | CBRE |
| Q1 2026 Savills | — | — | 3.5M SF | — | Savills |
| Q1 2026 Kidder Mathews | $42.36/SF/yr | 15.9% | — | — | Kidder Mathews |
| Q1 2026 JLL | $49.20/SF/yr | 28.5% | 236K SF | — | JLL |
| Q4 2025 Savills | — | — | 14.3M SF | — | Savills |
| Q4 2025 Avison Young | $43.34/SF/yr | 24.3% | — | — | Avison Young |
| Q3 2025 Savills | — | — | 3.5M SF | — | Savills |
| Q3 2025 Cushman & Wakefield | $42.96/SF/yr | 23.9% | -53K SF | — | Cushman & Wakefield |
| Q3 2025 CBRE | — | 33.3% | — | — | CBRE |
| Q4 2024 Cushman & Wakefield | $43.08/SF/yr | 24.9% | -258K SF | — | Cushman & Wakefield |
| Q4 2019 Cushman & Wakefield | $44.17/SF/yr | 20.5% | 291K SF | — | Cushman & Wakefield |
| Q3 2019 Lee & Associates | $29.52/SF/yr | 10.0% | 222K SF | — | Lee & Associates |
Office asking rents by submarket
The newest asking rent a named brokerage's report published for each 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 |
Frequently asked questions
- What is the average asking rent for office space in los angeles?
- As of Q1 2026, the average asking rent for office space in los angeles was $43.65/SF/yr, per Avison Young.
- What is the office vacancy rate in los angeles?
- The office vacancy rate in los angeles was 24.0% as of Q1 2026 (Avison Young).
- Where does CREhunt's los angeles market data come from?
- This report aggregates quarterly office market data for los angeles from Avison Young, CBRE, Savills, Kidder Mathews, JLL, Cushman & Wakefield, Lee & Associates.