1. Class A Office Buildings
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
$5.00
$5.50
1Q16 1Q15 1Q14 1-Year 2-Year
Vacancy Vacancy Vacancy Rent Rent
W/Sublease W/Sub W/Sub Increase Increase
190th
/Torrance 16.7 % 15.9 % 15.3 % 8 % 5 %
Beverly Hills 7.5 % 6.1 % 8.3 % 5 % 12 %
Brentwood 7.6 % 9.7 % 16.8 % 10 % 22 %
Century City 7.8 % 11.1 % 11.3 % 10 % 17 %
Downtown 17.6% 17.9 % 18.4 % 6 % 8 %
El Segundo 22.0 % 24.9 % 25.2 % 5 % 8 %
Encino-ShermanOaks 10.3 % 10.1.5 % 9.6 % 11 % 6 %
Long Beach-Cerritos 13.8 % 12.5 % 14.3% 3 % 5 %
Miracle Mile 11.2 % 11.4 % 11.0 % 25 % 45 %
Olympic Corridor 7.0 % 6.0 % 7.7 % 9 % 4 %
Pasadena 12.5 % 14.5 % 14.2 % 6 % 8 %
Santa Monica 18.2 % 6.5 % 4.6 % 32 % 5 %
Westwood 11.3 % 11.3 % 13.5 % 9 % 28 %
Woodland-Calabasas 16.8 % 12.9 % 12.8 % 1 % 7 %
LOS ANGELES - 1QTR2016
OFFICE LEASING
Prepared by Cyrano Adlawan
Assistant Vice President
cadlawan@stone-miller.com
NEWS
Tishman Speyer developing one of the last office parcels in Playa
Vista – The Brickyard, 425K sf to be completed 2016.
Equity Office/Blackstone sells 5 buildings to Jade Enterprises.
Equity Office in escrow to sell 4 Westwood bldgs to Douglas
Emmett.
Facebook expands in Playa Vista taking 35K sf.
Former AT&T building gets close to fully leased in Pasadena.
Interpublic Group takes 143K sf in Century City.
UCLA acquires Occidental’s former Westwood HQ for $92m.
New York Life purchases 3 buildings in Culver City $131m.
Molina continues to expand in downtown Long Beach, leasing 2
floors at World Trade Center.
Netflix moving to Hudson Pacific’s Hollywood tower, taking 200K
sf from Beverly Hills.
WeWork expands further into downtown LA & Pasadena.
Clarion sells 100 N. Crescent in Beverly Hills for $80m – a 63%
return in three years.
Cal State LA opening downtown LA office at 801 S. Grand.
Alibaba signs Pasadena lease at new IDS building.
Honest Company moving to Playa Vista from Westood.
Company will be taking 83K sf in early 2016
TrueCar CEO Scott Painter stepping down end of 2015.
TrueCar is a rapidly growing Santa Monica company.
The information furnished regarding rent roll, income, expenses and similar data has been submitted to us by others and thus we cannot make any representations as to its accuracy.
The information furnished regarding property for sale, rental or financing is submitted subject to errors, omissions, change of price or other conditions, prior sale, lease or withdrawal without notice.