• Greater Los Angeles’ average asking lease rate decreased by 1.2% year over year ending Q2 2018 at $2.49 per sq. ft.

  • Despite a fair amount of retail space coming back onto the market, vacancy in Greater Los Angeles remained static at 5.0% quarter over quarter.

  • Net absorption for Q2 2018 was negative 182,971 sq. ft.

  • No major shopping centers completed construction during this period, while 609,000 sq. ft. remained in the construction phase.