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New LA office buildings face longer lease-up times

Projects completed before the pandemic filled up much more quickly
Completion is expected this year on 1950 Avenue of the Stars, the lone office tower to be constructed in Los Angeles since 2003. (CoStar)
Completion is expected this year on 1950 Avenue of the Stars, the lone office tower to be constructed in Los Angeles since 2003. (CoStar)
CoStar Analytics
August 25, 2026 | 4:09 P.M.

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Office buildings completed after 2022 have a vacancy rate of 38.4%, compared with 16.3% for buildings built before then, highlighting the challenges developers face in a market where leasing activity has struggled to gain momentum.

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