The Greater Los Angeles (GLA) region attracted over $1.5 billion in capital in Q3 2019. The quarter outperformed the five-year quarterly average of $1.2 billion, and reached year-over-year growth of 35%.
The average asking lease rate in GLA increased to $0.91 in Q3 2019.
Despite delivering over 1.0 million sq. ft. in new construction, availability and vacancy both fell in Q3 2019 as tenants preleased and occupied newly delivered spaces.