Provided the difficulties experiencing Los Angeles’ workplace sector, it’s comprehensible developers have been careful with commencing new developments. From 2021 by 2022, there was an average of only 1.2 million sq. ft in office environment starts, less than half the 3 million square toes that broke floor on ordinary every single yr from 2014 to 2020. Current design levels have appear down significantly from a the latest peak of 8.8 million sq. feet to around 4 million sq. ft.
