Posts by Tucker Hughes

Los Angeles Market Growth Slowing as New Decade Begins

on February 13, 2020

The Los Angeles office and industrial markets had an almost entirely flat year in 2019, which is a reversal from prior years where we saw more volatility and rental rate growth countywide. The office space market held its vacancy rate at 9.4% for each quarter end for the entire year. While net absorption was slightly negative, to the tune of approximately a half million square feet, this is a tiny amount in the context of an office market that has 422 million square feet of space. It is worth noting; however, that this is the first year since 2011 when we have had overall year-end negative absorption. 

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Tucker Hughes

Tucker Hughes is managing director at Hughes Marino, an award-winning commercial real estate firm with offices across the nation. As head of Hughes Marino’s Orange County and Los Angeles offices, Tucker specializes in tenant representation and building purchases throughout Southern California and beyond. 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 1-844-662-6635 or tucker@hughesmarino.com.

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