Posts by Tucker Hughes

Los Angeles’ Market Remained Steady in 2017–What’s Next?

on January 09, 2018

In 2017, Los Angeles’s office market experienced a reduced level of net absorption and rental growth relative to 2016. Why then does it seem then that so many owners of office space throughout Los Angeles remain optimistic about the future? The answer might surprise you. The market’s success over the most recent years has been driven in large part by specific industries–most notably technology, entertainment, and consumer product companies–expanding into premium creative office product in targeted areas of market. This distortion has allowed most property owners to be beneficiaries of apparent strong demand across the full market, despite many areas having been quite static. Most tenants simply aren’t being told the full story and it’s in the collective interest of property owners to spin the media coverage of the market accordingly.

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About this Author

Tucker Hughes

Tucker Hughes is managing director at Hughes Marino, an award-winning commercial real estate firm with offices in San Diego, Orange County, Los Angeles, San Francisco, Silicon Valley and Seattle. As head of Hughes Marino’s Orange County and Los Angeles offices, Tucker specializes in tenant representation and building purchases throughout Southern California. Tucker makes frequent media appearances to speak on the future of commercial real estate, and is also a regular columnist for Entrepreneur.com. Contact Tucker at 1-844-NO-CONFLICT or tucker@hughesmarino.com.

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