Los Angeles Office Market ‘Has Bottomed,’ Gravitates Farther West

Los Angeles Office Market ‘Has Bottomed,’ Gravitates Farther West

Los Angeles’ office real estate has reached its post-pandemic bottom — but it apparently plans to hang around there for a while.  The market recorded 3.4 million square feet of office leasing in the first quarter of 2025, according to Savills. That’s lower than the previous quarter, but better than the 3.2 million from the same period last year, and higher than the 2.9 million-square-foot five-year quarterly average.  “Elevated leasing activity …