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That represented an overall 311-basis-point increase during 2024.
JLL expects the momentum to continue.
The agency will take 139,377 square feet of office space.
A proposed measure failed to clear support from the legislature last year.
Rents could rise by up to 12%, as all Californians will pay higher insurance premiums, experts say.
Leasing = hits post-pandemic record for third consecutive quarter amid shifting strategies.
Owner-occupier deals surged 36 percent in the year-to-date through the third quarter of 2024.
Its outcome could have far-reaching implications for housing policy across the US.
Despite short-term pressures, multifamily would remain “a favored asset class.”
According to Realpage, 667,000 total units were absorbed last year even as job growth slowed.