Submarket Snapshot: Brentwood’s office market in Q1 2016

Los Angeles /
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.


Related Articles

arrow_forward_ios
Blake Griffin and 256 N. Barrington Ave. (Getty, Realtor)
Blake Griffin adds to his home court advantage in Brentwood
Blake Griffin adds to his home court advantage in Brentwood
Michael Gross and the house (Credit: David M. Benett/Dave Benett / Getty Images, and Google Maps)
A former top WeWork exec asks $32M for Brentwood mansion
A former top WeWork exec asks $32M for Brentwood mansion
Prince Harry and Meghan Markle (Credit: Chris Jackson/Getty Images)
Harry and Meghan on the hunt for a mansion in the hills
Harry and Meghan on the hunt for a mansion in the hills
A Brentwood fire came at Douglas Emmett owned building
Brentwood high-rise fire comes after owner sued for negligence
Brentwood high-rise fire comes after owner sued for negligence
Anna and David Solomon with the Douglas Elliman's Beverly Hills offices at 150 El Camino Drive (Credit: Solomon Property Group, Google Maps)
Oh, mother: David Solomon leaves Agency for Elliman
Oh, mother: David Solomon leaves Agency for Elliman
Clockwise from top left: 13224 Old Oak Lane, 4425 Haskell Avenue (center), 656 Lachman Lane, 375 N. Saltair Avenue and 1200 Club View Drive
The Weeknd’s Beverly West condo tops LA County resi sales
The Weeknd’s Beverly West condo tops LA County resi sales
Robert Reffkin and 11726 San Vicente Boulevard (Credit: Google Maps and iStock)
Compass shutters second LA office
Compass shutters second LA office
William Harold Borthwick, Charlie Munger, and the Barry Building (Credit: Adrian Scott Fine/L.A. Conservancy)
Berkshire vice chair’s family moves to demolish landmark building
Berkshire vice chair’s family moves to demolish landmark building
arrow_forward_ios

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

Loading...