Between August 2015 and August 2016, total nonfarm employment in Los Angeles County grew by 73,900 jobs, or 1.7%.
Educational and health services reported the largest year-over payroll increase, adding 22,800 jobs. This growth was divided between health care and social assistance (up 21,500) and educational services (up… Read More
JLL recently released its Summer 2016 U.S Technology Office Outlook, an innovative report looking at the dynamics shaping the technology industry across 45 markets. Los Angeles continues to rank well in a number of key high-tech market metrics.
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.
Leasing activity remains strong with 9.1 million square feet in year-to-date… Read More
Not only does the Los Angeles metro have one of the largest population on the west coast, the region generated $866.7 billion in economic output (Gross Metro Product) placing Los Angeles at the top of the leading west coast markets.
The metro maintains a highly diversified economy supported… Read More
The Los Angeles tech sector continues to expand, ranking on multiple national growth indices, including ranking 7th in employment count, 10th in technology wages, and 2nd for venture capital investment in the most recent quarter.
While VC funding is slowing in some key tech markets across the country,… Read More
Based on the second quarter of 2016, Los Angeles currently accounts for 15.9 percent of the nation’s quarterly VC funding, placing it 2nd in the country, behind San Francisco and ahead of Silicon Valley.
The US as a whole saw a steep rise in VC funding; on the surface it… Read More
Industrial construction volumes remain high as small box development accelerates with 16.3 million square feet of year-to-date deliveries. Vacancy rates continue to fall given current tenant demand and availabilities in the market.
Year-to-date absorption totaled 12.8 million square feet for the entire market. IE East led the market… Read More