West Los Angeles office market reports

Q4 2024

West LA saw a 20.1% increase in Q4 2024 compared to the previous quarter, with 1.1 msf leased. This uptick in leasing activity can be attributed to a number of larger subleases signed throughout the Westside, along with 216K square feet of new leases in the Beverly Hills submarket, and 147K in Santa Monica. The total leasing volume for 2024 stood at 5.7 msf, a 100k sf jump from the previous year and the first increase since 2021. Moving into 2025, West LA will hope to continue the positive leasing velocity and momentum that it experienced at the end of 2024.

1.09 msf

Leasing volume

West LA saw a 20.1% increase in Q4 2024 compared to the previous quarter, with 1.1 msf leased. This uptick in leasing activity can be attributed to a number of larger subleases signed throughout the Westside, along with 216K square feet of new leases in the Beverly Hills submarket, and 147K in Santa Monica.

164k sf

Net absorption

Q4 2024 net absorption for the West Los Angeles office market climbed into the positives at 164K sf, the highest recorded absorption for the market since Q2 2023.

$3.97b

Maturing debt

Over the course of the next three years, there are almost $4 billion dollars in CMBS loans set to mature in West Los Angeles

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