Tag Archives: JLL Research

Los Angeles Technology Office Outlook – Summer 2016

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la_techoutlookOpportunity

The Los Angeles technology sector has seen extensive growth in recent years, and continues to be the catalyst for economic expansion. While the market is still seeing the southward migration of Silicon Valley giants, home-grown technology startups have flourished and are contributing to the industry’s local expansion. As media and technology… Read More

Comparing top retail spending neighborhoods in Los Angeles

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Within Los Angeles, Venice leads the pack with $17,351 per capital spent on retail annually.

PowerPoint Presentation

We could expect increases in per capital spending on retail goods in downtown as retailers continue to flock to the area.

For more information contact Kevin Carroll

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

Source: JLL Researchand ESRI Business Analyst Online
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The Los Angeles metro area represents the largest economy on the west coast

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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. COW_LA_22Aug2016

The metro maintains a highly diversified economy supported… Read More

Office employment update | August 2016

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Between July 2015 and July 2016, total nonfarm employment in Los Angeles County increased by 75,900 jobs, or 1.8 percent.

HealtOfficeEmployment_July2016h care and social assistance expanded payrolls by 21,800 and helped drive up employment in educational and
health services (up 30,800) for the largest year-over increase.

Professional and business services added 15,300 jobs.… Read More

Logistics & distribution are driving industrial leasing activity in the LA basin, mid-year 2016

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Microsoft PowerPoint - COW_Los Angeles_industrial_August 15th 20

There is a growing presence of online-based retailers and logistics companies providing same-day or next-day delivery service to consumers which is affecting the Los Angeles industrial market.

The logistics and distribution sector accounted for 39.4 percent of the top 25 leases during… Read More

Los Angeles’ tech industry hits the mark on multiple growth indicators

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COW_LA_8Aug2016

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

Industrial demand in Inland Empire East already surpasses demand for all of 2015

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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.

COW_InlandEmpire_25July2016

Year-to-date absorption totaled 12.8 million square feet for the entire market. IE East led the market… Read More

Office employment update: Los Angeles | June 2016

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Between May 2015 and May 2016, Los Angeles County nonfarm employment increased by 101,000 or 2.4 percent.

EmploymentUpdate_June

  • Educational and health services led the year-over gains adding 37,200 jobs. More than three-quarters of the employment expansion was concentrated in health care and social assistance (up 28,300). Educational services contributed 8,900 jobs to the
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Need more housing? Build! Build! Build!

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Los Angeles has been transforming into an increasingly unaffordable city as home prices and rents have continued to rise and the housing supply has not been able to keep up with demand.

One solution is to build more housing, and since 2015 the City of Los Angeles has seen over 300 building permit requests for new apartment building construction with a potential for almost 11,000* new residential units.

Requests for buildings with a large… Read More

Port of Los Angeles trade increases by $2 billion year-over-year

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Currently ranked number one in the nation, Port of Los Angeles accounts for 10.0% of U.S. trade and has led the nation in imports since 1992.

China, Japan, South Korea, Vietnam and Taiwan are the top five trading partners of Los Angeles, accounting for 78.3% of its trade with the world.

Year-over-year trade in Los Angeles increased by 3.3%, totaling $63.1 billion in value.

COW_Industrial_May26Read More