Submarket Snapshot: Bunker Hill

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 city council to mull requiring vaccine proof at indoor venues
LA city council to consider vaccine mandate for indoor spaces
LA city council to consider vaccine mandate for indoor spaces
Hudson Pacific plans to grow studio portfolio, but isn’t giving up on offices
Hudson Pacific plans to grow studio portfolio, but isn’t giving up on offices
Hudson Pacific plans to grow studio portfolio, but isn’t giving up on offices
Hotel sales in California “completely rebound” from 2020 levels
Hotel sales in California “completely rebound” from 2020 levels
Hotel sales in California “completely rebound” from 2020 levels
City Tower at 333 City Boulevard West (KBS Capital Markets Group)
Opal Holdings pays $150M for Orange County office tower
Opal Holdings pays $150M for Orange County office tower
Redcar Properties CEO Jim Jacobsen with Dynasty Center (Google Maps, Industry Partners)
Redcar buys Dynasty shopping center in Chinatown
Redcar buys Dynasty shopping center in Chinatown
Sandstone Properties CEO Eri Kroh with a rendering of the project (Sandstone, The Jeff Hotel)
Culver City approves `The Jeff,’ Sandstone Properties’ 175-unit hotel
Culver City approves `The Jeff,’ Sandstone Properties’ 175-unit hotel
Apple delays return to office by a month
Apple delays return to office by a month
Apple delays return to office by a month
Renderings of the expansion, including the J.W. Marriott hotel (Saiful Bouquet)
Details of transformative LA Convention Center expansion emerge
Details of transformative LA Convention Center expansion emerge
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...