West Los Angeles Office Space and Property Rental Market
The West Los Angeles office space market is on the Westside of LA and is one of the most sought after areas. This is due to the high density of companies in the technology, media, venture capital, and finance industry. West LA currently has about 59,000,000 square feet of office space & property inventory. The Q1, 2019 vacancy rate in West LA is 11.9%. The average rental rate per square foot is $4.72. There was negative absorption of -47,255 square feet in this market, which means that more space got put in the market available for rent in Q1 according to Avison Young.