What is the average asking rent for office space in Greater Los Angeles?

As of Q1 2026, the average asking rent for office space in Greater Los Angeles was $42.36/SF, per Kidder.

What is the office vacancy rate in Greater Los Angeles?

The office vacancy rate in Greater Los Angeles was 20.6% as of Q1 2026 (Kidder).

Where does PropZone's Greater Los Angeles market data come from?

This report aggregates quarterly office market data for Greater Los Angeles from Kidder, Cushman & Wakefield, Lee Associates, Bnp Paribas Real Estat, Colliers.

Greater Los Angeles Office Market Report

By PropZone Research · Data through Q1 2026 · Aggregated from Kidder, Cushman & Wakefield, Lee Associates, Bnp Paribas Real Estat, Colliers

Quarterly office market indicators for Greater Los Angeles, aggregated by PropZone from Kidder, Cushman & Wakefield, Lee Associates, Bnp Paribas Real Estat, Colliers. As of Q1 2026, average asking rent was $42.36/SF with a 20.6% vacancy rate.

Projected current office pricing — Greater Los Angeles

low confidence

Projected asking rent

$35.40/SF/yr

Estimated sale value

$260–$338/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 Lee Associates data (cap rate 5.8%, asking rent held flat). Assumes ~85% occupancy and a 50–65% net-operating-income margin.

Quarter	Asking rent	Vacancy	Net absorption	Under constr.	Source
Q1 2026	$42.36/SF	20.6%	143K SF	—	Kidder
Q1 2026	$48.00/SF	21.6%	53K SF	—	Cushman & Wakefield
Q1 2026	$35.40/SF	14.7%	87K SF	—	Lee Associates
Q1 2026	$35.40/SF	14.7%	—	—	Bnp Paribas Real Estat
Q3 2019	$15.00/SF	2.0%	-50K SF	—	Lee Associates
Q3 2019	$44.24/SF	24.0%	193K SF	—	Cushman & Wakefield
Q2 2018	—	41.4%	0K SF	—	Cushman & Wakefield
Q2 2018	$39.84/SF	10.2%	805K SF	—	Colliers
Q2 2018	$19.20/SF	3.0%	245.2M SF	—	Lee Associates
Q3 2017	$43.08/SF	4.5%	0K SF	—	Cushman & Wakefield

Frequently asked questions

What is the average asking rent for office space in Greater Los Angeles?: As of Q1 2026, the average asking rent for office space in Greater Los Angeles was $42.36/SF, per Kidder.
What is the office vacancy rate in Greater Los Angeles?: The office vacancy rate in Greater Los Angeles was 20.6% as of Q1 2026 (Kidder).
Where does PropZone's Greater Los Angeles market data come from?: This report aggregates quarterly office market data for Greater Los Angeles from Kidder, Cushman & Wakefield, Lee Associates, Bnp Paribas Real Estat, Colliers.

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