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In the fourth quarter, the Los Angeles office market reported market-wide net absorption of 1.6 million SF bringing yearto- date net absorption to over 3.5 million SF. This was the highest level of office space gains reported market-wide since 2006, as the metro economy remains in expansion mode at year-end. With office space demand continuing to be at a high level, average rental rates and sales prices continue to surge past levels reported at the last market peak. Unless there is a macroeconomic shock, we expect the market to remain strong in 2016.
Source : BNP Paribas Real Estate
