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LA 1q15 Office Pipeline for Under Construction is VERY robust

The commercial real estate construction pipeline is very strong. This means there is plenty of money supporting the Los Angeles real estate market and development. It may also mean more vacancy and result in better deals in the older projects for tenants who are willing to compromise and negotiate.

Construction

SUBMARKET UNDER CONSTRUCTION
Submarket
Downtown Los Angeles  3,226,298
West Los Angeles
Beverly Hills 64,937
Brentwood 0
Century City 0
Culver City 55,000
Hollywood/Silver Lake 857,746
Marina Del Rey/Venice 407,422
Olympic Corridor 0
Pacific Palisades/Malibu 0
Santa Monica 0
West Hollywood 80,294
West Los Angeles 0
Westwood 0
West Los Angeles TOTAL 1,465,399
Tri-Cities
Burbank 498,386
Glendale 106,966
Pasadena/Arcadia/Monrovia 155,000
Tri-Cities TOTAL 760,352
South Bay
190th Street Corridor 0
Beach Cities/Palos Verdes 0
Downtown Long Beach 0
El Segundo 282,488
Hawthorne/Gardena 0
LAX 0
Suburban Long Beach 0
Torrance 0
South Bay TOTAL 282,488
San Fernando Valley
Eastern SFV 0
Encino 0
North Hollywood 25,021
Sherman Oaks 0
Studio/Universal Cities 0
Tarzana 117,978
Western SFV 0
Woodland Hills/Warner Center 0
San Fernando Valley TOTAL 142,999
Mid-Wilshire
Wilshire Center 0
Miracle Mile 0
Park Mile 0
Mid-Wilshire TOTAL 0
Conejo Valley  120,933
Conejo Valley TOTAL 120,933
San Gabriel Valley
Eastern SGV 166,408
Western SGV 0
San Gabriel Valley TOTAL 166,408
Mid-Cities/Southeast LA  
Mid-Cities 0
Southeast LA 0
Mid-Cities/Southeast LA TOTAL 0
Santa Clarita Valley  
Santa Clarita/Valencia 43,000
Santa Clarita Valley TOTAL 43,000
TOTAL 6,207,877

 

 

 

 

 

For more information or to answer questions please contact.

Forrest Blake  “The Negotiator”
Vice President
NAI Capital
16001 Ventura Blvd., Suite 200
Encino, CA 91436
818-933-2365 direct
310-850-2381 cell
http://naicapital.com/
www.forrestblake.com

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