search

The Real Deal Logo

Trending

Rent board’s 4% hike will “plunge” buildings into distress: landlordsRent board’s 4% hike will “plunge” buildings into distress: landlordsH-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boomLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aGVA sells Georgetown apartments for $25M in “forced sale” GVA sells Georgetown apartments for $25M in “forced sale” 
Los Angeles

Submarket Snapshot: Playa Vista’s office market in Q1 2016

Space available in Playa Vista's office market (credit: Savills Studley)
Space available in Playa Vista's office market (credit: Savills Studley)

The Playa Vista office submarket ended the first quarter with an availability rate of 34.2 percent, according to a report by Savills Studley.

Sign Up for the undefined Newsletter

The rate increased from the previous quarter’s 33.6 percent and 22.9 percent in the same period one year ago.

Overall rental rates for the Playa Vista office submarket ended the quarter averaging $53.52 a square foot a year, or $4.46 a square foot a month. Rents increased from the previous quarter’s rate of $50.32 a square foot a year, as well as from last year’s rate of $43.08.

Tags
Playa VistaSubmarket Snapshot