Southern California Office 2Q08 Press Stats
| Market/Submarket | Inventory | Overall Vacancies | Overall Vacancy Rate | YTD Direct Absorption | Avg. Class A Rental Rate* |
|---|---|---|---|---|---|
| Los Angeles CBD/Financial District | 28,628,909 | 3,721,844 | 13.0% | 169,308 | $3.24 |
| Los Angeles CBD Total | 28,628,909 | 3,721,844 | 13.0% | 169,308 | $3.24 |
| South Park | 1,505,934 | 102,521 | 6.8% | (54,623) | $2.10 |
| Central City East | 1,854,694 | 599,908 | 32.3% | 11,540 | N/A |
| Little Tokyo/Chinatown | 610,213 | 8,760 | 1.4% | 784 | N/A |
| Central City West | 3,993,851 | 340,595 | 8.5% | 4,122 | $2.50 |
| Los Angeles Downtown Non CBD | 7,964,692 | 1,051,784 | 13.2% | (38,177) | $2.48 |
| Mid-Wilshire | 7,694,131 | 301,694 | 3.9% | (99,015) | $1.91 |
| Park Mile | 1,079,452 | 29,447 | 2.7% | 4,310 | $2.10 |
| Hollywood | 2,036,037 | 94,643 | 4.6% | 28,672 | $3.19 |
| Mid-Wilshire | 10,809,620 | 425,784 | 3.9% | (66,033) | $2.44 |
| 210 Corridor | 2,731,621 | 405,359 | 14.8% | (23,478) | $2.30 |
| El Monte/S El Monte | 1,193,998 | 43,872 | 3.7% | 284 | N/A |
| Alhambra/Monterey Park | 2,206,963 | 213,723 | 9.7% | (49,778) | $2.63 |
| City of Industry/Diamond Bar | 2,554,940 | 264,013 | 10.3% | (58,267) | $2.76 |
| Covina/West Covina | 1,166,783 | 134,273 | 11.5% | 55,004 | $2.83 |
| Pomona/San Dimas | 1,732,645 | 510,715 | 29.5% | (40,014) | $2.77 |
| San Gabriel Valley | 11,586,950 | 1,571,955 | 13.6% | (116,249) | $2.65 |
| Los Angeles Central Total | 58,990,171 | 6,771,367 | 11.5% | (51,151) | $3.10 |
| Simi Valley | 197,495 | 4,808 | 2.4% | (1,851) | N/A |
| Thousand Oaks/Newbury Park | 1,604,018 | 130,771 | 8.2% | 15,104 | N/A |
| Westlake Village | 3,020,243 | 227,490 | 7.5% | (54,978) | $2.81 |
| Agoura Hills | 973,660 | 165,735 | 17.0% | (9,372) | $2.25 |
| Calabasas | 1,836,785 | 208,033 | 11.3% | (49,185) | $2.50 |
| Simi Valley/Conejo Valley | 7,632,201 | 736,837 | 9.7% | (100,282) | $2.52 |
| Northridge/Reseda | 830,019 | 18,103 | 2.2% | 548 | N/A |
| Tarzana | 517,429 | 50,035 | 9.7% | (9,846) | $2.00 |
| Chatsworth/Canoga Park | 2,483,162 | 545,725 | 22.0% | (43,736) | $2.36 |
| Warner Center | 6,515,289 | 1,031,299 | 15.8% | 93,488 | $2.78 |
| Woodland Hills | 1,306,947 | 221,863 | 17.0% | (31,876) | $2.51 |
| West Valley | 11,652,846 | 1,867,025 | 16.0% | 8,578 | $2.69 |
| Encino | 3,978,722 | 226,569 | 5.7% | (99,783) | $2.96 |
| Sherman Oaks | 2,491,815 | 260,931 | 10.5% | (3,995) | $2.95 |
| Van Nuys | 1,673,023 | 109,860 | 6.6% | 17,255 | $2.35 |
| Pan. City/Mission Hills | 514,848 | 126,297 | 24.5% | (9,665) | $2.25 |
| Valencia/Newhall | 1,677,964 | 307,986 | 18.4% | (20,016) | $2.96 |
| Central Valley | 10,336,372 | 1,031,643 | 10.0% | (116,204) | $2.89 |
| Los Angeles North Total | 29,621,419 | 3,635,505 | 12.3% | (207,908) | $2.75 |
| Universal/Studio City | 1,884,655 | 46,987 | 2.5% | 13,652 | $3.39 |
| North Hollywood | 1,083,694 | 3,700 | 0.3% | 6,299 | N/A |
| Universal/Studio City/N.Hollywood | 2,968,349 | 50,687 | 1.7% | 19,951 | $3.39 |
| Burbank - Media District | 2,650,037 | 158,112 | 6.0% | (8,374) | $3.29 |
| Burbank - City Center | 2,802,310 | 146,901 | 5.2% | (10,768) | $2.64 |
| Burbank | 5,452,347 | 305,013 | 5.6% | (19,142) | $3.13 |
| Glendale | 6,008,032 | 780,891 | 13.0% | (27,986) | $2.87 |
| Glendale | 6,008,032 | 780,891 | 13.0% | (27,986) | $2.87 |
| Pasadena | 6,084,102 | 538,044 | 8.8% | (56,116) | $3.96 |
| Pasadena East | 1,323,466 | 171,354 | 12.9% | (9,213) | N/A |
| Pasadena | 7,407,568 | 709,398 | 9.6% | (65,329) | $3.96 |
| Los Angeles Tri-Cities Total | 21,836,296 | 1,845,989 | 8.5% | (92,506) | $3.24 |
| LAX/Century Blvd | 3,928,489 | 1,334,738 | 34.0% | (12,320) | $1.58 |
| El Segundo/Manhattan Beach | 10,269,472 | 1,296,950 | 12.6% | (75,842) | $2.70 |
| LAX/El Segundo | 14,197,961 | 2,631,688 | 18.5% | (88,162) | $2.28 |
| 190th Street Corridor | 3,528,276 | 781,348 | 22.1% | 173,988 | $2.51 |
| Central Torrance | 3,500,267 | 249,882 | 7.1% | (15,401) | $2.48 |
| Torrance | 7,028,543 | 1,031,230 | 14.7% | 158,587 | $2.49 |
| Carson/San Pedro | 805,344 | 18,338 | 2.3% | 1,492 | $1.95 |
| Suburban Long Beach | 4,341,287 | 280,348 | 6.5% | 103 | $2.60 |
| Downtown Long Beach | 3,915,194 | 424,728 | 10.8% | (51,405) | $2.63 |
| Long Beach | 9,061,825 | 723,414 | 8.0% | (49,810) | $2.54 |
| Los Angeles South Total | 30,288,329 | 4,386,332 | 14.5% | 20,615 | $2.33 |
| Miracle Mile | 4,653,496 | 454,398 | 9.8% | 46,579 | $3.26 |
| Century City | 10,166,958 | 841,017 | 8.3% | (59,586) | $4.10 |
| West Hollywood | 1,304,888 | 67,071 | 5.1% | (22,633) | $5.17 |
| Beverly Hills | 6,303,438 | 383,233 | 6.1% | (73,752) | $4.66 |
| Westwood | 2,700,807 | 340,957 | 12.6% | (81,605) | $5.55 |
| Brentwood | 3,286,508 | 147,728 | 4.5% | (53,100) | $4.60 |
| Santa Monica | 7,691,415 | 783,645 | 10.2% | 15,481 | $5.71 |
| Pacific Palisades | 160,407 | 30,827 | 19.2% | (5,728) | $3.79 |
| West Los Angeles | 5,612,769 | 367,386 | 6.5% | (118,691) | $4.32 |
| Marina Del Rey/Venice/Mar Vista | 1,555,041 | 103,758 | 6.7% | (17,291) | $3.22 |
| Culver City/Westchester | 5,139,913 | 743,263 | 14.5% | (25,827) | $3.59 |
| Los Angeles West Total | 48,575,640 | 4,263,283 | 8.8% | (396,153) | $4.23 |
| Los Angeles County Non-CBD Total | 160,682,946 | 17,180,632 | 10.7% | (896,411) | $3.24 |
| Los Angeles County Total | 189,311,855 | 20,902,476 | 11.0% | (727,103) | $3.24 |
| South Santa Ana | 1,888,406 | 482,264 | 25.5% | (82,365) | $2.91 |
| Costa Mesa | 5,225,126 | 955,105 | 18.3% | (173,996) | $3.10 |
| Newport Beach | 6,855,139 | 566,669 | 8.3% | (107,342) | $3.44 |
| Irvine (No Spectrum) | 21,862,954 | 4,139,399 | 18.9% | (204,895) | $3.13 |
| Orange County CBD Total | 35,831,625 | 6,143,437 | 17.1% | (568,598) | $3.13 |
| Irvine Spectrum | 7,299,197 | 1,482,577 | 20.3% | 222,824 | $3.55 |
| Lake Forest/Rancho Santa Margarita | 2,436,187 | 503,734 | 20.7% | (207,086) | $2.79 |
| Laguna Hills/Aliso Viejo | 4,260,592 | 723,695 | 17.0% | (15,057) | $3.21 |
| Laguna Niguel/Laguna Beach | 315,556 | 38,956 | 12.3% | 2,340 | $3.00 |
| Mission Viejo | 1,370,897 | 233,866 | 17.1% | (26,803) | $2.92 |
| SJCap/San Clem/DP/Cap Bch | 829,395 | 31,660 | 3.8% | 4,372 | N/A |
| South Orange County Total | 16,511,824 | 3,014,488 | 18.3% | (19,410) | $3.31 |
| Seal Beach | 304,381 | 2,985 | 1.0% | (2,985) | $2.85 |
| Westminster | 241,400 | 44,142 | 18.3% | 2,852 | N/A |
| Huntington Beach | 1,135,080 | 163,308 | 14.4% | (87,146) | $2.82 |
| Fountain Valley | 671,472 | 143,268 | 21.3% | 18,954 | N/A |
| Garden Grove | 496,486 | 15,128 | 3.0% | 14,439 | N/A |
| Los Alamitos/Stanton | 266,502 | 5,232 | 2.0% | (76) | N/A |
| Cypress | 1,009,069 | 42,396 | 4.2% | (29,982) | $2.25 |
| West Orange County Total | 4,124,390 | 416,459 | 10.1% | (83,944) | $2.79 |
| Park Center Area | 2,841,905 | 169,880 | 6.0% | (63,518) | $2.55 |
| Stadium Center | 3,453,220 | 398,768 | 11.5% | (102,271) | $2.72 |
| The City Area | 2,208,235 | 823,447 | 37.3% | (52,261) | $2.78 |
| Main Place Area | 2,282,014 | 223,371 | 9.8% | (112,442) | $2.93 |
| Tustin (South of I-5) | 588,820 | 3,763 | 0.6% | 3,160 | N/A |
| Santa Ana | 2,396,649 | 187,307 | 7.8% | (7,723) | N/A |
| North/East Anaheim | 2,148,090 | 194,243 | 9.0% | 15,997 | $2.15 |
| East Orange | 224,805 | 5,218 | 2.3% | (1,927) | N/A |
| Civic Center Area | 1,835,494 | 249,059 | 13.6% | (30,469) | $2.08 |
| Central Orange County Total | 17,979,232 | 2,255,056 | 12.5% | (351,454) | $2.74 |
| Fullerton | 1,018,825 | 14,623 | 1.4% | (1,344) | N/A |
| Brea/La Habra | 3,942,682 | 855,753 | 21.7% | (58,409) | $3.00 |
| Placentia/Yorba Linda | 221,978 | 27,151 | 12.2% | (2,741) | N/A |
| Buena Park/La Palma | 921,927 | 114,431 | 12.4% | (32,156) | $2.55 |
| North Orange County Total | 6,105,412 | 1,011,958 | 16.6% | (94,650) | $2.97 |
| Orange County Non-CBD Total | 44,720,858 | 6,697,961 | 15.0% | (549,458) | $3.03 |
| Orange County Total | 80,552,483 | 12,841,398 | 15.9% | (1,118,056) | $3.10 |
| Ontario | 3,199,699 | 611,059 | 19.1% | (60,846) | $2.26 |
| Rancho Cucamonga | 2,583,215 | 503,988 | 19.5% | (50,979) | $2.34 |
| Chino/Chino Hills | 230,933 | 80,171 | 34.7% | (43,499) | $2.55 |
| Fontana | 104,235 | 28,095 | 27.0% | (28,095) | N/A |
| Inland West Total | 6,118,082 | 1,223,313 | 20.0% | (183,419) | $2.31 |
| Riverside | 3,182,715 | 439,289 | 13.8% | (56,139) | $2.23 |
| San Bernardino | 3,214,214 | 733,213 | 22.8% | (5,947) | $1.88 |
| Redlands/Loma Linda | 866,560 | 175,989 | 20.3% | (61,783) | $2.10 |
| Colton/Cooley Ranch | 297,762 | 55,175 | 18.5% | 5,000 | N/A |
| Inland Empire East Total | 7,561,251 | 1,403,666 | 18.6% | (118,869) | $2.06 |
| Corona | 1,462,082 | 301,930 | 20.7% | (31,852) | $2.24 |
| Inland Empire Corona Total | 1,462,082 | 301,930 | 20.7% | (31,852) | $2.24 |
| Inland Empire Total | 15,141,415 | 2,928,909 | 19.3% | (334,140) | $2.23 |
| San Diego Downtown | 11,052,353 | 1,337,335 | 12.1% | (33,137) | $2.95 |
| San Diego Central Total | 11,052,353 | 1,337,335 | 12.1% | (33,137) | $2.95 |
| Kearny Mesa | 8,082,858 | 929,529 | 11.5% | (47,035) | $2.80 |
| Mission Valley | 6,842,683 | 944,290 | 13.8% | (82,757) | $2.98 |
| Sports Arena/Airport | 575,270 | 6,328 | 1.1% | 10,992 | N/A |
| Uptown | 1,087,806 | 88,112 | 8.1% | (31,665) | N/A |
| Other | 1,790,946 | 105,666 | 5.9% | (1,076) | N/A |
| San Diego Central Suburban Total | 18,379,563 | 2,073,925 | 11.3% | (151,541) | $2.91 |
| Del Mar Heights | 4,442,094 | 661,872 | 14.9% | (28,321) | $4.09 |
| Governor Park | 800,286 | 370,532 | 46.3% | (28,695) | $2.70 |
| La Jolla | 1,060,730 | 53,037 | 5.0% | (13,679) | $3.63 |
| Miramar | 1,431,780 | 183,268 | 12.8% | (29,085) | $1.52 |
| Sorrento Mesa | 6,372,693 | 904,922 | 14.2% | (61,774) | $2.62 |
| Torrey Pines | 1,004,240 | 296,251 | 29.5% | 1,950 | $3.25 |
| UTC | 4,111,191 | 542,677 | 13.2% | 4,331 | $3.55 |
| Other | 841,620 | 60,597 | 7.2% | (16,633) | N/A |
| San Diego Mid City Total | 20,064,634 | 3,073,156 | 15.3% | (171,906) | $3.53 |
| Carlsbad | 5,053,597 | 1,101,684 | 21.8% | 119,416 | $2.71 |
| Del Mar | 311,395 | 59,788 | 19.2% | (7,581) | N/A |
| Encinitas | 925,653 | 74,978 | 8.1% | 2,863 | $3.18 |
| Escondido | 1,103,765 | 188,744 | 17.1% | 9,332 | $3.34 |
| Oceanside | 726,323 | 119,843 | 16.5% | 2,829 | $2.66 |
| San Marcos | 822,478 | 173,543 | 21.1% | (6,405) | $2.69 |
| Solana Beach | 542,593 | 30,385 | 5.6% | 4,136 | N/A |
| Vista | 592,183 | 77,576 | 13.1% | (7,833) | $2.18 |
| San Diego North County Total | 10,077,987 | 1,826,541 | 18.1% | 116,757 | $2.75 |
| Carmel Mountain Ranch | 259,374 | 79,887 | 30.8% | (13,437) | $2.54 |
| Poway | 585,564 | 15,810 | 2.7% | 30,119 | N/A |
| Rancho Bernardo | 2,986,391 | 645,060 | 21.6% | (24,663) | $3.10 |
| Sabre Springs | 471,180 | 51,830 | 11.0% | 149,901 | $3.26 |
| Scripps Ranch | 1,874,084 | 423,543 | 22.6% | 46,669 | $2.93 |
| San Diego I-15 Corridor Total | 6,176,593 | 1,216,131 | 19.7% | 188,589 | $3.03 |
| Chula Vista | 1,580,891 | 330,406 | 20.9% | (12,094) | $2.78 |
| Other | 639,693 | 92,116 | 14.4% | (1,877) | N/A |
| San Diego South Bay Total | 2,220,584 | 422,522 | 19.0% | (13,971) | $2.78 |
| El Cajon | 602,658 | 42,186 | 7.0% | (17,792) | N/A |
| La Mesa | 763,631 | 103,090 | 13.5% | (20,152) | N/A |
| Other | 385,618 | 110,287 | 28.6% | 1,136 | $2.50 |
| San Diego East County Total | 1,751,907 | 255,563 | 14.6% | (36,808) | $2.50 |
| San Diego County Total | 69,723,621 | 10,205,173 | 14.6% | (102,017) | $3.09 |
| Southern CA Total | 354,729,374 | 46,877,956 | 13.2% | -2,281,316 | $3.11 |
* Rental rates reflect $psf/month
Source: Cushman & Wakefield
