Southern California Office Stats 3Q09
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| Market | Inventory | # of Buildings | Direct Vacancies | Direct Vacancy Rate | Sublease Vacancies | Sublease Vacancy Rate | Overall Vacancies | Overall Vacancy Rate | YTD Direct Absorption | YTD Overall Absorption | YTD Leasing Activity | YTD Construction Completions | Direct Wtd. Class A Rental Rate* | Overall Average Rental Rate* |
| LOS ANGLES CENTRAL | 47,617,620 | 180 | 5,887,564 | 12.4% | 885,256 | 1.9% | 6,772,820 | 14.2% | (868,230) | (1,141,694) | 856,896 | 0 | $2.96 | $2.65 |
| DOWNTOWN LOS ANGELES | 36,672,590 | 98 | 5,282,399 | 14.4% | 804,568 | 2.2% | 6,086,967 | 16.6% | (680,974) | (902,262) | 803,601 | 0 | $2.96 | $2.70 |
| Central Business District | 28,480,147 | 57 | 3,870,083 | 13.6% | 680,329 | 2.4% | 4,550,412 | 16.0% | (409,808) | (610,508) | 734,140 | 0 | $3.06 | $2.92 |
| South Park | 1,723,545 | 8 | 244,566 | 14.2% | 21,288 | 1.2% | 265,854 | 15.4% | (44,127) | (65,415) | 0 | 0 | $2.83 | $2.45 |
| Central City East | 1,864,834 | 12 | 641,598 | 34.4% | 102,951 | 5.5% | 744,549 | 39.9% | (68,001) | (68,001) | 37,541 | 0 | N/A | $1.75 |
| Little Tokyo/Chinatown | 610,213 | 7 | 19,023 | 3.1% | 0 | 0.0% | 19,023 | 3.1% | (10,119) | (10,119) | 2,944 | 0 | $2.25 | $2.19 |
| Central City West | 3,993,851 | 14 | 507,129 | 12.7% | 0 | 0.0% | 507,129 | 12.7% | (148,919) | (148,219) | 28,976 | 0 | $2.22 | $2.15 |
| WILSHIRE CENTER | 10,945,030 | 82 | 605,165 | 5.5% | 80,688 | 0.7% | 685,853 | 6.3% | (187,256) | (239,432) | 53,295 | 0 | $2.85 | $2.18 |
| Mid-Wilshire | 7,694,131 | 44 | 372,218 | 4.8% | 9,925 | 0.1% | 382,143 | 5.0% | (80,250) | (74,000) | 42,691 | 0 | $1.96 | $1.68 |
| Park Mile | 1,079,452 | 11 | 58,663 | 5.4% | 0 | 0.0% | 58,663 | 5.4% | (29,216) | (29,216) | 8,081 | 0 | $2.10 | $1.87 |
| Hollywood | 2,171,447 | 27 | 174,284 | 8.0% | 70,763 | 3.3% | 245,047 | 11.3% | (77,790) | (136,216) | 2,523 | 0 | $3.44 | $3.02 |
| SAN GABRIEL VALLEY | 11,381,062 | 147 | 1,689,890 | 14.8% | 337,568 | 3.0% | 2,027,458 | 17.8% | (423,888) | (453,407) | 349,041 | 0 | $2.41 | $2.07 |
| 210 Corridor | 2,731,621 | 35 | 224,256 | 8.2% | 278,312 | 10.2% | 502,568 | 18.4% | (61,105) | (79,692) | 27,167 | 0 | $2.25 | $1.83 |
| El Monte/S El Monte | 1,193,998 | 17 | 301,725 | 25.3% | 17,305 | 1.4% | 319,030 | 26.7% | (259,285) | (276,590) | 15,594 | 0 | $2.17 | $2.11 |
| Alhambra/Monterey Park | 2,181,963 | 20 | 176,882 | 8.1% | 525 | 0.0% | 177,407 | 8.1% | (27,356) | (24,961) | 32,706 | 0 | $2.21 | $2.24 |
| City of Industry/Diamond Bar | 2,519,259 | 38 | 346,666 | 13.8% | 22,359 | 0.9% | 369,025 | 14.6% | (28,473) | (20,879) | 189,035 | 0 | $2.61 | $2.43 |
| Covina/West Covina | 1,153,781 | 17 | 155,625 | 13.5% | 695 | 0.1% | 156,320 | 13.5% | (18,243) | (18,938) | 52,784 | 0 | $2.46 | $2.16 |
| Pomona/San Dimas | 1,600,440 | 20 | 484,736 | 30.3% | 18,372 | 1.1% | 503,108 | 31.4% | (29,426) | (32,347) | 31,755 | 0 | $2.70 | $1.93 |
| TRI CITIES | 22,913,708 | 197 | 3,621,072 | 15.8% | 259,937 | 1.1% | 3,881,009 | 16.9% | (515,235) | (597,546) | 479,488 | 1,184,939 | $2.95 | $2.78 |
| Universal City/Studio City | 1,884,655 | 16 | 91,186 | 4.8% | 21,038 | 1.1% | 112,224 | 6.0% | (45,476) | (63,755) | 15,567 | 0 | $3.24 | $2.88 |
| Burbank - Media District | 3,123,709 | 17 | 581,489 | 18.6% | 25,934 | 0.8% | 607,423 | 19.4% | (30,452) | (47,283) | 39,562 | 473,672 | $3.41 | $3.25 |
| Burbank - City Center | 2,952,556 | 34 | 536,778 | 18.2% | 4,938 | 0.2% | 541,716 | 18.3% | (32,294) | (31,253) | 72,246 | 343,729 | $3.44 | $3.22 |
| Glendale | 6,243,943 | 48 | 1,286,637 | 20.6% | 86,462 | 1.4% | 1,373,099 | 22.0% | (181,497) | (169,644) | 177,832 | 187,538 | $2.77 | $2.64 |
| Pasadena | 6,104,999 | 57 | 595,943 | 9.8% | 60,038 | 1.0% | 655,981 | 10.7% | (108,879) | (109,647) | 127,133 | 0 | $2.80 | $2.69 |
| Pasadena East | 1,340,152 | 11 | 325,169 | 24.3% | 55,248 | 4.1% | 380,417 | 28.4% | (142,167) | (197,415) | 10,486 | 0 | N/A | $2.41 |
| North Hollywood | 1,263,694 | 14 | 203,870 | 16.1% | 6,279 | 0.5% | 210,149 | 16.6% | 25,530 | 21,451 | 36,662 | 180,000 | $2.45 | $2.88 |
| LOS ANGELES SOUTH | 30,669,349 | 246 | 5,267,628 | 17.2% | 416,042 | 1.4% | 5,683,670 | 18.5% | (398,007) | (611,393) | 1,348,566 | 168,052 | $2.27 | $2.03 |
| LAX/EL SEGUNDO | 14,347,795 | 92 | 2,634,469 | 18.4% | 143,318 | 1.0% | 2,777,787 | 19.4% | (76,280) | (131,740) | 765,342 | 0 | $2.18 | $1.96 |
| LAX/Century Blvd. | 3,928,489 | 19 | 1,374,518 | 35.0% | 26,033 | 0.7% | 1,400,551 | 35.7% | (54,200) | (63,203) | 212,602 | 0 | $1.43 | $1.55 |
| El Segundo/Beach Cities | 10,419,306 | 73 | 1,259,951 | 12.1% | 117,285 | 1.1% | 1,377,236 | 13.2% | (22,080) | (68,537) | 552,740 | 0 | $2.52 | $2.39 |
| LONG BEACH | 9,230,697 | 78 | 1,414,081 | 15.3% | 202,269 | 2.2% | 1,616,350 | 17.5% | (215,626) | (342,714) | 425,860 | 168,052 | $2.42 | $1.97 |
| Suburban Long Beach | 4,510,159 | 47 | 762,105 | 16.9% | 42,639 | 0.9% | 804,744 | 17.8% | (77,925) | (96,815) | 217,301 | 168,052 | $2.44 | $1.96 |
| Carson/San Pedro | 805,344 | 9 | 42,916 | 5.3% | 0 | 0.0% | 42,916 | 5.3% | (17,402) | (17,402) | 0 | 0 | $1.87 | $1.80 |
| Downtown Long Beach | 3,915,194 | 22 | 609,060 | 15.6% | 159,630 | 4.1% | 768,690 | 19.6% | (120,299) | (228,497) | 208,559 | 0 | $2.55 | $2.00 |
| TORRANCE | 7,090,857 | 76 | 1,219,078 | 17.2% | 70,455 | 1.0% | 1,289,533 | 18.2% | (106,101) | (136,939) | 157,364 | 0 | $2.38 | $2.22 |
| 190th Street Corridor | 3,585,725 | 30 | 792,892 | 22.1% | 52,523 | 1.5% | 845,415 | 23.6% | (49,853) | (91,490) | 57,228 | 0 | $2.29 | $2.18 |
| Central Torrance | 3,505,132 | 46 | 426,186 | 12.2% | 17,932 | 0.5% | 444,118 | 12.7% | (56,248) | (45,449) | 100,136 | 0 | $2.43 | $2.31 |
| LA WEST | 49,362,722 | 368 | 5,593,229 | 11.3% | 1,609,060 | 3.3% | 7,202,289 | 14.6% | (876,479) | (1,510,473) | 1,723,509 | 466,368 | $4.00 | $3.66 |
| Miracle Mile | 4,653,496 | 20 | 531,774 | 11.4% | 114,303 | 2.5% | 646,077 | 13.9% | (219,019) | (284,568) | 123,472 | 0 | $3.20 | $2.93 |
| West Hollywood | 1,752,029 | 17 | 118,547 | 6.8% | 31,412 | 1.8% | 149,959 | 8.6% | (52,805) | (41,643) | 83,695 | 0 | $4.64 | $4.15 |
| Beverly Hills | 6,225,100 | 68 | 730,505 | 11.7% | 144,970 | 2.3% | 875,475 | 14.1% | (244,941) | (292,132) | 160,393 | 0 | $4.24 | $3.97 |
| Century City | 9,886,458 | 21 | 1,007,978 | 10.2% | 163,556 | 1.7% | 1,171,534 | 11.8% | (105,600) | (154,902) | 215,860 | 0 | $4.50 | $4.31 |
| Westwood | 2,700,807 | 11 | 485,787 | 18.0% | 86,367 | 3.2% | 572,154 | 21.2% | (150,829) | (170,183) | 85,460 | 0 | $4.13 | $3.90 |
| Brentwood | 3,286,508 | 23 | 373,762 | 11.4% | 51,815 | 1.6% | 425,577 | 12.9% | (102,407) | (109,511) | 82,629 | 0 | $4.03 | $3.65 |
| Santa Monica | 7,898,826 | 78 | 865,138 | 11.0% | 355,069 | 4.5% | 1,220,207 | 15.4% | (203,403) | (188,938) | 379,866 | 0 | $4.67 | $4.10 |
| Pacific Palisades | 160,407 | 3 | 37,193 | 23.2% | 4,092 | 2.6% | 41,285 | 25.7% | (13,316) | (14,173) | 5,079 | 0 | $3.74 | $3.82 |
| West Los Angeles | 5,612,769 | 50 | 549,152 | 9.8% | 67,113 | 1.2% | 616,265 | 11.0% | (103,834) | (125,205) | 263,299 | 0 | $3.74 | $3.24 |
| Marina Del Rey/Venice/MarVista | 2,021,409 | 18 | 120,735 | 6.0% | 474,288 | 23.5% | 595,023 | 29.4% | 403,009 | (28,186) | 48,548 | 466,368 | $3.96 | $3.03 |
| Culver City/Westchester | 5,164,913 | 59 | 772,658 | 15.0% | 116,075 | 2.2% | 888,733 | 17.2% | (83,334) | (101,032) | 275,208 | 0 | $3.09 | $2.87 |
| LOS ANGELES NORTH | 30,509,441 | 398 | 4,567,723 | 15.0% | 866,117 | 2.8% | 5,433,840 | 17.8% | (797,376) | (895,063) | 1,176,141 | 0 | $2.64 | $2.38 |
| SIMI VALLEY/CONEJO VALLEY | 8,367,100 | 141 | 1,386,103 | 16.6% | 421,434 | 5.0% | 1,807,537 | 21.6% | (127,567) | (132,028) | 374,167 | 0 | $2.80 | $2.33 |
| Simi Valley | 481,676 | 9 | 68,441 | 14.2% | 140,544 | 29.2% | 208,985 | 43.4% | (821) | (821) | 7,737 | 0 | $3.06 | $2.05 |
| Thousand Oaks/Newbury Park | 1,612,618 | 24 | 241,209 | 15.0% | 209,127 | 13.0% | 450,336 | 27.9% | (490) | (93,954) | 32,607 | 0 | $2.62 | $2.05 |
| Westlake Village | 3,285,444 | 55 | 487,430 | 14.8% | 59,696 | 1.8% | 547,126 | 16.7% | (26,094) | (18,018) | 235,960 | 0 | $2.86 | $2.50 |
| Agoura Hills | 1,052,261 | 19 | 251,080 | 23.9% | 5,121 | 0.5% | 256,201 | 24.3% | (57,975) | (61,429) | 35,512 | 0 | $2.18 | $2.45 |
| Calabasas | 1,935,101 | 34 | 337,943 | 17.5% | 6,946 | 0.4% | 344,889 | 17.8% | (42,187) | 42,194 | 62,351 | 0 | $2.94 | $2.44 |
| WEST VALLEY | 11,673,329 | 119 | 2,019,941 | 17.3% | 281,388 | 2.4% | 2,301,329 | 19.7% | (591,543) | (621,404) | 320,082 | 0 | $2.53 | $2.32 |
| Northridge/Reseda | 831,979 | 10 | 160,690 | 19.3% | 0 | 0.0% | 160,690 | 19.3% | (151,290) | (151,290) | 4,951 | 0 | $2.45 | $1.97 |
| Tarzana | 517,429 | 10 | 64,522 | 12.5% | 0 | 0.0% | 64,522 | 12.5% | (11,500) | (11,500) | 19,036 | 0 | $1.98 | $1.98 |
| Canoga Park/Chatsworth | 2,483,162 | 33 | 368,056 | 14.8% | 170,499 | 6.9% | 538,555 | 21.7% | (172,485) | (168,926) | 83,354 | 0 | $2.62 | $2.16 |
| Warner Center | 6,533,812 | 44 | 1,171,673 | 17.9% | 103,468 | 1.6% | 1,275,141 | 19.5% | (247,256) | (280,449) | 163,191 | 0 | $2.56 | $2.49 |
| Woodland Hills | 1,306,947 | 22 | 255,000 | 19.5% | 7,421 | 0.6% | 262,421 | 20.1% | (9,012) | (9,239) | 49,550 | 0 | $2.31 | $2.21 |
| CENTRAL VALLEY | 8,647,048 | 111 | 885,397 | 10.2% | 141,026 | 1.6% | 1,026,423 | 11.9% | (216,410) | (292,112) | 304,948 | 0 | $2.64 | $2.48 |
| Encino | 3,947,722 | 38 | 422,389 | 10.7% | 41,619 | 1.1% | 464,008 | 11.8% | (104,345) | (128,591) | 155,367 | 0 | $2.67 | $2.55 |
| Sherman Oaks | 2,509,414 | 32 | 257,888 | 10.3% | 61,844 | 2.5% | 319,732 | 12.7% | (100,749) | (114,642) | 91,874 | 0 | $2.72 | $2.65 |
| Van Nuys | 1,673,023 | 30 | 114,180 | 6.8% | 34,578 | 2.1% | 148,758 | 8.9% | (18,065) | (52,643) | 46,311 | 0 | $2.25 | $2.23 |
| Pan.City/Granada/Mission Hills | 516,889 | 11 | 90,940 | 17.6% | 2,985 | 0.6% | 93,925 | 18.2% | 6,749 | 3,764 | 11,396 | 0 | $2.25 | $2.07 |
| SANTA CLARITA VALLEY | 1,821,964 | 27 | 276,282 | 15.2% | 22,269 | 1.2% | 298,551 | 16.4% | 138,144 | 150,481 | 176,944 | 0 | $2.89 | $2.79 |
| Valencia/Newhall | 1,821,964 | 27 | 276,282 | 15.2% | 22,269 | 1.2% | 298,551 | 16.4% | 138,144 | 150,481 | 176,944 | 0 | $2.89 | $2.79 |
| LOS ANGELES COUNTY NON-CBD | 163,973,755 | 1,479 | 22,757,023 | 13.9% | 3,693,651 | 2.3% | 26,450,674 | 16.1% | (3,469,407) | (4,599,068) | 5,199,501 | 1,819,359 | $3.06 | $2.67 |
| LOS ANGELES COUNTY TOTAL | 192,453,902 | 1,536 | 26,627,106 | 13.8% | 4,373,980 | 2.3% | 31,001,086 | 16.1% | (3,879,215) | (5,209,576) | 5,933,641 | 1,819,359 | $3.06 | $2.63 |
Source: Cushman & Wakefield
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