Search
 

Employment Gets Nearly 2% Bump

LOS ANGELES—According to Cushman & Wakefield's 3Q14 office report, employment rates are up, helping the L.A. office market to gain momentum.

By Kelsi Maree Borland | Updated on October 21, 2014

LOS ANGELES—The greater Los Angeles area saw a 1.7% increase in employment during the third quarter, compared to last year, according to the 3Q14 office report from Cushman & Wakefield. The report shows that the Los Angeles office market is beginning to gain momentum due to an overall healthy quarter with “significant growth that elevated market fundamentals to an unprecedented level.”

“The office market in Los Angeles has been struggling for a long time while the rest of the U.S picked up,” Petra Durnin, managing director of research at Cushman & Wakefield, tells GlobeSt.com. “There were some glimmers of improvement for few quarters but now, along with data that backs up the feeling of improvement, the sentiment from landlords and brokers alike is that the Los Angeles office market is beginning a positive trend. The demand from the TAMI sector is buoying the L.A. market.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.