Tag Archives: tenant migration

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