Thinning Los Angeles office construction pipeline keeps market tight

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Los Angeles office construction pipeline

There are currently 14 projects totaling 2.4 million square feet of office space under construction in the greater Los Angeles market.

The bulk of these projects are expected to deliver in 2017, with one project spilling over to 2018.

Despite the large amount of square footage expected to deliver in 2017, the overall construction pipeline for Los Angeles remains small when compared to markets across the country. Los Angeles ranks 18th in the nation with regard to square footage under construction. This, coupled with a moderate market vacancy rate leaves LA with little risk of oversupply.

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For more information contact Devon Parry.
Visit the JLL Los Angeles Research webpage for additional market insight.

Source: JLL Research 

 

 

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