Submarket Snapshot: Bunker Hill

Area saw 22.5 percent total vacancy in the fourth quarter

TRD LOS ANGELES /
Jan.January 27, 2016 05:59 PM

Bunker Hill had the highest total vacancy rate of any Downtown submarket in the fourth quarter. A whopping 22.5 percent of its office space was empty, more than the 21.8 percent that was empty in the third quarter.

Downtown as a whole fared much better in the fourth quarter, with a total vacancy rate of 17.9 percent.

There are 11 office buildings in Bunker Hill with 3.3 million square feet of space. Those buildings saw 205,200 square feet of leasing activity in the fourth quarter, and negative absorption of 55,800 square feet.

There was no construction completed in Bunker Hill last quarter, but there was 78,500 square feet of it underway.

The biggest sale in the submarket was Rising Realty Partners acquisition of One Bunker Hill at 601 West Fifth Street for $92 million.


Related Articles

arrow_forward_ios
LA promo

Coming Soon: The Real Deal Los Angeles’ Winter 2020 issue!

From left: Howard Schwimmer and Michael S. Frankel, with 1601 W. Mission Boulevard and 2757 E. Del Amo Boulevard (Credit: Google Maps)

Rexford Industrial adds to LA portfolio with $100M in acquisitions

Andrew McDonald and At Mateo in the Arts District

Cushman’s West Coast chief talks expansion, DTLA market, the death of the starving baby broker & more

3339 Exposition Blvd. and Asher Luzzatto

Luzzatto Co. assembling creative office hub in West Adams

Jason Illoulian and the Cemex plant

Faring makes $30M assemblage play on WeHo/LA border

From left: Nuveen CEO Vijay Advani, Graymark founder/CEO Brian Hecktman

Graymark, Nuveen pay $97M for El Segundo creative office

La Mirada industrial building

Clarion pays $77M for La Mirada industrial project

Greenland exec Hu Gang and Metropolis Tower III (Credit: BuzzBuzzHome)

Greenland opts to go rental at Metropolis tower in DTLA

arrow_forward_ios
Loading...