Jeff Cowan Jeff Cowan

West L.A. is a pillar of the Greater L.A. office market, but this year, activity has slowed. In the last four quarters, leasing activity has slowed in key L.A. submarkets, including the Westside, and rents have stabilized. On the Westside, asking rents fell 4% quarter over quarter, and 5% for class-A space specifically, according to the third-quarter report from Savills Studley. Year-over-year, rates are flat. Alternative Westside markets like Play Vista are no longer a discount, causing tenants to leave and find alternatives. To find out why activity is slowing and how other submarkets in L.A. are being impacted, we sat down for an interview with Jeff Cowan, senior managing director at Savills Studley.

GlobeSt.com: What has slowed leasing activity in the West L.A. office 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

© 2024 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 © 2024 ALM Global, LLC. All Rights Reserved.