Large scale tenants still seeking office space in DTLA

Tenants in the Market Data illustrates that over 1.5 million square feet, in downtown Los Angeles, is being targeted by prospective tenants in the following industries: financial services, legal services, insurance, real estate, engineering, media and construction.

If these requirements come to fruition, downtown Los Angeles office space is expected to see a large spike in positive net absorption due to the volume of space required by these prospective tenants in the market.

The financial industry (697,000 SF) and legal service industry (420,000 SF) are leading the way in active requirements.

This data is encouraging for the greater downtown Los Angeles area as its still the desired home for larger scale tenants, such as the two industries mentioned above.