The Real Deal Los Angeles

Submarket Snapshot: Woodland Hills and Warner Center in Q1 2016

Vacancy rate was lower than San Fernando Valley average

June 29, 2016 05:00PM
By Hannah Miet

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Map of LA

Los Angeles County (credit: Transwestern)

Woodland Hills and Warner Center, a 7.3 million-square-foot office submarket, saw 14 percent vacancy in the first quarter, according to a report by Transwestern. Its vacancy rate was lower than the 15.4 percent San Fernando Valley average.

Rent in Woodland Hills/Warner Center, however, was also lower: $2.35 a square foot a month, compared with the $2.40 Valley average.

The area saw 62,438 square feet of net absorption in the first quarter. No construction was completed.