• Greater Los Angeles boasted positive net absorption for the first time since the beginning of the COVID-19 Pandemic, with LA County experiencing positive net absorption of 302,690 sq. ft.
  • Average asking lease rates fell to $3.70 from $3.79 FSG in Q1 2021. This was the first time rates fell since Q4 2018.
  • 1.5 million square feet of office space was delivered in LA County this quarter, 80% of which was preleased.