Construction activity continues to moderate in greater Los Angeles, with developers proceeding carefully in the current office market environment. The 3 million square feet under construction is down from 4.1 million in early 2023 and a recent high of 8.8 million square feet in the second half of 2020.
Office Starts in LA Are Well Below Pre-Pandemic Activity
Market Weakness Has Led Developers to Exercise Caution
By Ryan Patap
CoStar Analytics
February 21, 2024 | 9:58 P.M.
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3401 La Cienega Blvd, Los Angeles, CA