Submarket Snapshot: Brentwood’s office market in Q1 2016

Area saw low vacancy, negative absorption

May.May 02, 2016 05:00 PM

Brentwood’s 3.46 million-square-foot office submarket saw an absorption rate of negative 22,982 square feet in the first quarter, according to a report by Transwestern.

It saw the third-lowest vacancy rate on the Westside, at 8.8 percent. The lowest was the Olympic Corridor, at 2.7 percent, followed by Beverly Hills, with 8.6 percent. 

Rents in Brentwood averaged $4.06 a square foot a month, lower than the $4.52 Westside average.

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