• The Greater Los Angeles retail market strong leasing activity in Q3 2018 from some of SoCal’s ‘Five Fs’ (fitness, furniture, food, fashion, and fun) pushed up net absorption to 53,100 sq. ft.
  • Vacancy is down slightly to 5.1% from 5.2% in Q2 2018.
  • Though asking lease rates dipped to $2.48 per sq. ft., GLA remains the most expensive market in the SoCal region.
  • No new developments completed construction during the term, but the 609,286 sq. ft. under construction are expected to deliver in the very near future.