Mar
09
LA Office Sales Break New Records in 2016, CommercialCafe Report Shows
ByThe sales volume hit a 10-year high last year, with Blackstone and Douglas Emmett scoring as top players.
For the Los Angeles office real estate market, 2016 was the most active year of the past decade. Solid job gains are driving demand across all asset classes, as L.A. County unemployment dropped to 4.7 percent in December 2016, its lowest post-recession rate.
High demand and increased leasing activity in the region are driving prices upward, which in turn attracts investor interest and propels office sales activity. As a result, L.A.’s office market reached new heights in 2016—the highest in the last 10 years…
LA Office Sales Break New Records in 2016, CommercialCafe Report Shows
