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Los Angeles Commercial Real Estate Market Trends

Industrial Property Asking Price Index Trends

Aug 11 vs. 3 mo.
prior
Y-O-Y
-

State

$8.17 -0.8% -2.7%
-

Metro

$8.77 0.0% -1.3%
-

County

$8.40 -0.1% -1.6%
-

City

$9.64 +2.9% +7.0%

The average asking rental rate per sq ft/year for Industrial properties in Los Angeles, CA as of Aug 11 was $9.64. This represents an increase of 2.9% compared to the prior 3 months, with an increase of +7.0% year-over-year. County-wide, average rental rates in Los Angeles are -0.1% lower at $8.40 per sq ft/year for Industrial properties currently for lease.

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Aug 11 vs. 3 mo.
prior
Y-O-Y
-

State

$115 -1.0% -9.2%
-

Metro

$136 -0.4% -7.2%
-

County

$135 -0.6% -5.8%
-

City

$144 +1.3% -6.4%

Current Los Angeles market trends data indicates an increase of +1.3% in the median asking price per sq ft for Industrial properties compared to the prior 3 months, with a decrease of -6.4% compared to last year’s prices. County-wide, asking prices for Industrial properties are -0.6% lower at $135 per sq ft compared to the current median price of $144 per sq ft for Industrial properties in Los Angeles, CA.

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Multifamily Property Asking Price Index Trends

Aug 11 vs. 3 mo.
prior
Y-O-Y
-

State

$134,959 +0.6% -1.2%
-

Metro

$155,697 -0.4% -4.0%
-

County

$155,667 -0.4% -2.6%
-

City

$138,239 -0.8% -5.4%

Current Los Angeles market trends data indicates a decrease of -0.8% in the median asking price per unit for Multifamily properties compared to the prior 3 months, with a decrease of -5.4% compared to last year’s prices. County-wide, asking prices for Multifamily properties are -0.4% lower at $155,667 per unit compared to the current median price of $138,239 per unit for Multifamily properties in Los Angeles, CA.

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Office Property Asking Price Index Trends

Aug 11 vs. 3 mo.
prior
Y-O-Y
-

State

$20.29 -0.1% -3.0%
-

Metro

$21.95 +0.1% -2.9%
-

County

$23.00 +0.2% -1.5%
-

City

$24.11 +0.8% +2.5%

The average asking rental rate per sq ft/year for Office properties in Los Angeles, CA as of Aug 11 was $24.11. This represents an increase of 0.8% compared to the prior 3 months, with an increase of +2.5% year-over-year. County-wide, average rental rates in Los Angeles are +0.2% higher at $23.00 per sq ft/year for Office properties currently for lease.

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Aug 11 vs. 3 mo.
prior
Y-O-Y
-

State

$204 -1.2% -9.7%
-

Metro

$241 -1.4% -5.6%
-

County

$248 -1.8% -7.0%
-

City

$243 -0.9% -7.8%

Current Los Angeles market trends data indicates a decrease of -0.9% in the median asking price per sq ft for Office properties compared to the prior 3 months, with a decrease of -7.8% compared to last year’s prices. County-wide, asking prices for Office properties are -1.8% lower at $248 per sq ft compared to the current median price of $243 per sq ft for Office properties in Los Angeles, CA.

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Retail Property Asking Price Index Trends

Aug 11 vs. 3 mo.
prior
Y-O-Y
-

State

$20.67 -0.6% -5.4%
-

Metro

$23.35 -0.4% -4.8%
-

County

$23.66 -0.6% -5.4%
-

City

$27.58 -0.3% -3.8%

The average asking rental rate per sq ft/year for Retail Commercial properties in Los Angeles, CA as of Aug 11 was $27.58. This represents a decrease of -0.3% compared to the prior 3 months, with a decrease of -3.8% year-over-year. County-wide, average rental rates in Los Angeles are -0.6% lower at $23.66 per sq ft/year for Retail Commercial properties currently for lease.

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Aug 11 vs. 3 mo.
prior
Y-O-Y
-

State

$206 -0.6% -4.6%
-

Metro

$246 -0.4% -2.4%
-

County

$247 -0.8% -4.9%
-

City

$268 -1.5% -1.5%

Current Los Angeles market trends data indicates a decrease of -1.5% in the median asking price per sq ft for Retail Commercial properties compared to the prior 3 months, with a decrease of -1.5% compared to last year’s prices. County-wide, asking prices for Retail Commercial properties are -0.8% lower at $247 per sq ft compared to the current median price of $268 per sq ft for Retail Commercial properties in Los Angeles, CA.

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Asking Price / Asking Rent: “Asking” refers to the dollar amount listed on the LoopNet marketplace. Charts are based on an index of data from the LoopNet marketplace by a given property type in a given geography. Asking Rent Trends are obtained by weighting each rental rate by the space available and dividing it by the sum of the total space available.

County / Metro: County and Metro refer to the parent county and metro of the city. “Metro” is a term LoopNet utilizes and refers to the U.S. Census Bureau definitions of metropolitan and micropolitan statistical areas, collectively referred to as CBSAs (learn more). For example a chart representing the city of Los Angeles may contain data representing the county of Los Angeles and the metropolitan statistical area.

Y-O-Y: A comparison to the same period in the previous year.

vs. 3 mo prior: A comparison to the average of the 3 months before the current month.

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