Category Archives: Agency Leasing

Big Box tenants snap up Inland Empire East’s expanding inventory

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Inland Empire East’s growing inventory has started to level the playing field between the two submarkets. Construction completions in the East account for 40 percent of the total inventory base for buildings 100,000 square feet and above.

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Leasing activity remains strong with 9.1 million square feet in year-to-date… Read More

Highlighting our Southwest Skyline

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From coast to coast, our city skylines are a source of pride and community. It’s not surprising that top-tier office buildings in our urban cores continue to report lower vacancies, higher rents and more developer interest.

The anticipated Skyline Review is back, and more advanced than ever before.

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In case you… Read More

Full floors dwindle as tenants migrate to and expand within Century City

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Full-floor availability continues to decline as tenants both expand and migrate into Los Angeles’ largest cluster of trophy assets outside of the CBD.

Shrinking availability has led to improved fundamentals; vacancy has declined 50 basis points year over year, and rental rates have increased by 6.2 percent. COW_los-angeles-June6 2016

For more information contact Devon Parry

Visit the JLL Los Angeles Research webpage for additional market insight.

Source: JLL Research
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Tenant migration is helping to chip away at Downtown CBD vacancy

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Downtown vacancy has decreased to 16.6 percent from 19.1 percent since 2013, driven by robust tenant migration, countervailing light demand from existing legal and financial services tenants, which continue to seek efficiency and have been cautious to take on additional space.

Downtown’s expanding residential, retail and entertainment base has helped attract companies from outside the CBD, including creative tenants.

Tenant migration will drive Downtown’s evolution by broadening the tenant base across sectors and… Read More

El Segundo establishes its position with creative tenants

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Creative redevelopments outperform traditional Class A office in El Segundo and command an 18% rental premium. Creative El Segundo space is 35% less than similar products in Playa Vista and 54% less than Santa Monica.

Tenants such as JustFab, DaVita, Sanrio, Kite Pharma, Bandai Games, Nativo and L’Oreal… Read More

What’s up with Los Angeles’ retail redevelopment boom?

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Multiple large shopping centers, totaling over 3.6 million square feet of retail are currently getting multi-million dollar makeovers to give updated looks to outdated malls.

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Owners are capitalizing on the evolving behaviors of shoppers (and on LA’s weather) by focusing on the visitors’ experience and… Read More

Creative industries account for majority of leasing demand – Los Angeles Q1 2016

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Large consolidation paves way for higher rents 
Douglas Emmett, along with QIA (Qatar Investment Authority), an 80 percent partner, purchased the four-building EOP/Blackstone-Westwood portfolio. The estimated purchase price was $1.3 billion with a 3.7 percent cap rate. The buyer, Douglas Emmett, already owned… Read More

Media and entertainment drive first quarter leasing activity

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COW_Los Angeles_office_April 4 2016

The media and entertainment sectors accounted for over a third of all leasing activity during the first quarter. Large entertainment transactions included distributor and producer Netflix signing a 123,300 s.f. lease in Hollywood while talent agency International Creative Management (ICM) leased 108,300 s.f. in Century City.

On-location filming in Greater Los Angeles increased 1.3 percent in 2015 to 37,289 shoot days.… Read More

Congratulations to our 2015 top brokers

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We are proud to recognize these outstanding professionals. Our top brokers in Los Angeles created exceptional value for our clients in 2015. We thank them for their expertise, teamwork and dedication.JLLLA_Top10Brokers_2015_final_96dpi

From left to right, top to bottom: Frank Scott, Carl Muhlstein, Michael Condon, Jr., Peter McWilliams, John McRoskey, Gary Horwitz,… Read More