Tag Archives: Los Angeles

Los Angeles office employment update | September 2016

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Between August 2015 and August 2016, total nonfarm employment in Los Angeles County grew by 73,900 jobs, or 1.7%.

Los Angeles office employment

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

A mid-year glance at industrial leasing in the LA basin

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Leases between 10,000 and 25,000 square feet accounted for more than half of the total transactions completed in the Los Angeles industrial market in the first half of 2016.

Microsoft PowerPoint - COW_Los Angeles_industrial_June 13th 2016

Leasing activity is highest in the LA Central market with 118 deals, demand… 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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Office employment update: Los Angeles | May 2016

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Between April 2015 and April 2016, Los Angeles County nonfarm employment increased
by 106,800 or 2.5 percent.

LAOffice_EmploymentMay16

  • Educational and health services registered the largest year-over expansion with an addition of 37,900 jobs. Health care and social assistance added 28,800 jobs to account for three fourths of the increase. Educational services accounted for
  • 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over 3.6 million square feet of retail are currently getting multi-million dollar makeovers to give updated looks to outdated malls.

COW_Los Angeles_retail_April 18 2016

 

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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LA_OfficeInsight_Q12016

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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

Where can LA law firms do more with less?

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Eastward expansion continues, for Los Angeles law firms that is. In the first installment of our series on law firm real estate trends, we learned what’s making downtown LA one of the most interesting office markets in the region. Now, Darren Eades, Executive Vice President in JLL’s LA office, reflects on why Westside firms are increasingly setting their sights East.

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Downtown law firms: Plan real estate now, thrive later

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Diminishing occupancy. Bold new use of space. Landlords with a habit of raising rents. LA’s central business district is on pace to become one of the most interesting arenas of all SoCal commercial real estate markets. And that, explains Tom McDonald, JLL’s Executive Vice President, spells opportunity for law firm tenants looking to optimize their real estate strategy.

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Unicorns feast on venture capital in L.A.

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Demand for creative office space in Los Angeles is growing, fueled by a $1.2 billion influx of venture capital investment in tech companies in this creative city.

L.A. is home to no fewer… Read More