Considering market weakness and uncertainty during the past several years, it is understandable office developers in Los Angeles have been selective when commencing projects. The 3.4 million square feet under construction is down from a recent high of 8.8 million square feet in the second half of 2020.
Office Construction in Los Angeles Is Minimal in Late 2023
Developers Have Exercised Caution Over the Past Several Years
By Ryan Patap
CoStar Analytics
November 28, 2023 | 5:17 P.M.
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