Southern California Office 2Q09 Press Stats
| Market | Inventory | Overall Vacancies" | Overall Vacancy Rate | YTD Direct Absorption | Avg. Class A Rental Rate* |
|---|---|---|---|---|---|
| Central Business District | 28,396,841 | 4,540,855 | 16.0% | (529,734) | $3.12 |
| South Park | 1,665,934 | 231,589 | 13.9% | (31,150) | $2.83 |
| Central City East | 1,864,834 | 761,768 | 40.8% | (85,517) | N/A |
| Little Tokyo/Chinatown | 610,213 | 9,755 | 1.6% | (851) | $2.25 |
| Central City West | 3,993,851 | 467,676 | 11.7% | (109,467) | $2.22 |
| DOWNTOWN LOS ANGELES | 36,531,673 | 6,011,643 | 16.5% | (756,719) | $3.01 |
| Mid-Wilshire | 7,694,131 | 337,700 | 4.4% | (73,320) | $1.96 |
| Park Mile | 1,079,452 | 58,663 | 5.4% | (29,216) | $2.10 |
| Hollywood | 2,171,447 | 173,084 | 8.0% | (77,790) | $3.44 |
| WILSHIRE CENTER | 10,945,030 | 569,447 | 5.2% | (180,326) | $3.04 |
| LA CENTRAL | 47,476,703 | 6,581,090 | 13.9% | (937,045) | $3.01 |
| 210 Corridor | 2,731,621 | 451,899 | 16.5% | (13,524) | $2.26 |
| El Monte/S El Monte | 1,193,998 | 298,332 | 25.0% | (255,892) | $2.70 |
| Alhambra/Monterey Park | 2,181,963 | 176,657 | 8.1% | (26,606) | $2.30 |
| City of Industry/Diamond Bar | 2,519,259 | 354,324 | 14.1% | (23,702) | $2.69 |
| Covina/West Covina | 1,153,781 | 168,384 | 14.6% | (24,557) | $2.51 |
| Pomona/San Dimas | 1,600,440 | 518,391 | 32.4% | (41,744) | $2.70 |
| SAN GABRIEL VALLEY | 11,381,062 | 1,967,987 | 17.3% | (386,025) | $2.59 |
| Universal City/Studio City | 1,884,655 | 85,954 | 4.6% | (13,014) | $3.09 |
| Burbank - Media District | 3,123,709 | 579,266 | 18.5% | (2,295) | $3.41 |
| Burbank - City Center | 2,981,039 | 517,281 | 17.4% | (235) | $3.50 |
| Glendale | 6,056,405 | 1,201,571 | 19.8% | (117,180) | $2.71 |
| Pasadena | 6,104,999 | 633,607 | 10.4% | (104,345) | $2.83 |
| Pasadena East | 1,340,152 | 322,746 | 24.1% | (139,744) | N/A |
| North Hollywood | 1,083,694 | 94,528 | 8.7% | (30,690) | $2.45 |
| TRI CITIES | 22,574,653 | 3,434,953 | 15.2% | (407,503) | $2.94 |
| LAX/Century Blvd. | 3,928,489 | 1,372,862 | 34.9% | (32,840) | $1.54 |
| El Segundo/Beach Cities | 10,419,306 | 1,361,820 | 13.1% | (43,243) | $2.56 |
| LAX/EL SEGUNDO | 14,347,795 | 2,734,682 | 19.1% | (76,083) | $2.22 |
| Suburban Long Beach | 4,510,159 | 820,600 | 18.2% | (92,222) | $2.47 |
| Carson/San Pedro | 805,344 | 42,916 | 5.3% | (17,402) | $1.87 |
| Downtown Long Beach | 3,915,194 | 663,889 | 17.0% | (122,955) | $2.61 |
| LONG BEACH | 9,230,697 | 1,527,405 | 16.5% | (232,579) | $2.47 |
| 190th Street Corridor | 3,585,725 | 800,779 | 22.3% | (5,505) | $2.30 |
| Central Torrance | 3,505,132 | 452,649 | 12.9% | (64,779) | $2.47 |
| TORRANCE | 7,090,857 | 1,253,428 | 17.7% | (70,284) | $2.41 |
| LA SOUTH | 30,669,349 | 5,515,515 | 18.0% | (378,946) | $2.30 |
| Miracle Mile | 4,653,496 | 477,103 | 10.3% | (66,977) | $3.16 |
| West Hollywood | 1,752,029 | 145,878 | 8.3% | (43,371) | $4.91 |
| Beverly Hills | 6,222,600 | 741,297 | 11.9% | (84,662) | $4.22 |
| Century City | 9,886,458 | 1,149,115 | 11.6% | (69,490) | $4.51 |
| Westwood | 2,700,807 | 487,506 | 18.1% | (58,914) | $4.18 |
| Brentwood | 3,286,508 | 407,648 | 12.4% | (78,229) | $4.09 |
| Santa Monica | 7,898,826 | 1,256,883 | 15.9% | (186,617) | $4.74 |
| Pacific Palisades | 160,407 | 33,691 | 21.0% | (6,579) | $4.04 |
| West Los Angeles | 5,612,769 | 616,912 | 11.0% | (90,663) | $3.81 |
| Marina Del Rey/Venice/MarVista | 2,021,409 | 564,719 | 27.9% | 425,824 | $4.37 |
| Culver City/Westchester | 5,164,913 | 898,928 | 17.4% | (69,391) | $3.07 |
| LA WEST | 49,360,222 | 6,779,680 | 13.7% | (329,069) | $4.05 |
| Simi Valley | 481,676 | 212,009 | 44.0% | (3,845) | $3.06 |
| Thousand Oaks/Newbury Park | 1,612,618 | 462,604 | 28.7% | (4,591) | $2.68 |
| Westlake Village | 3,543,010 | 613,344 | 17.3% | (65,997) | $2.88 |
| Agoura Hills | 1,052,261 | 235,006 | 22.3% | (38,675) | $2.23 |
| Calabasas | 1,935,101 | 391,323 | 20.2% | 2,706 | $3.06 |
| SIMI VALLEY/CONEJO VALLEY | 8,624,666 | 1,914,286 | 22.2% | (110,402) | $2.83 |
| Northridge/Reseda | 830,019 | 151,090 | 18.2% | (141,690) | $2.45 |
| Tarzana | 517,429 | 70,180 | 13.6% | (15,421) | $1.99 |
| Canoga Park/Chatsworth | 2,483,162 | 591,697 | 23.8% | (121,767) | $2.70 |
| Warner Center | 6,533,812 | 1,131,418 | 17.3% | (139,174) | $2.57 |
| Woodland Hills | 1,306,947 | 279,671 | 21.4% | (24,914) | $2.31 |
| WEST VALLEY | 11,671,369 | 2,224,056 | 19.1% | (442,966) | $2.55 |
| Encino | 3,947,722 | 445,141 | 11.3% | (94,548) | $2.73 |
| Sherman Oaks | 2,509,414 | 321,086 | 12.8% | (80,036) | $2.74 |
| Van Nuys | 1,673,023 | 159,736 | 9.5% | (29,043) | $2.24 |
| Pan.City/Granada/Mission Hills | 516,889 | 107,952 | 20.9% | (7,278) | $2.25 |
| CENTRAL VALLEY | 8,647,048 | 1,033,915 | 12.0% | (210,905) | $2.68 |
| Valencia/Newhall | 1,821,964 | 303,480 | 16.7% | 149,265 | $2.90 |
| SANTA CLARITA VALLEY | 1,821,964 | 303,480 | 16.7% | 149,265 | $2.90 |
| LA NORTH | 30,765,047 | 5,475,737 | 17.8% | (615,008) | $2.68 |
| LA COUNTY NON-CBD | 163,830,195 | 25,214,107 | 15.4% | (2,523,862) | $3.07 |
| LA COUNTY | 192,227,036 | 29,754,962 | 15.5% | (3,053,596) | $3.08 |
| South Santa Ana | 1,896,283 | 586,339 | 30.9% | (30,675) | $2.38 |
| Costa Mesa | 5,225,126 | 1,197,342 | 22.9% | (175,750) | $2.37 |
| Newport Beach | 6,938,160 | 873,960 | 12.6% | (162,951) | $3.37 |
| Irvine (No Spectrum) | 21,861,761 | 5,009,965 | 22.9% | (495,016) | $2.69 |
| GREATER AIRPORT AREA | 35,921,330 | 7,667,606 | 21.3% | (864,392) | $2.69 |
| Irvine Spectrum | 7,696,041 | 1,621,176 | 21.1% | (294,629) | $2.88 |
| Lake Forest / R.S. Margarita | 2,430,753 | 486,269 | 20.0% | (28,069) | $2.26 |
| Laguna Hills/ Aliso Viejo | 4,190,050 | 801,494 | 19.1% | (84,387) | $3.08 |
| Laguna Niguel / Laguna Beach | 315,556 | 39,950 | 12.7% | 1,984 | $2.35 |
| Mission Viejo | 1,398,163 | 246,981 | 17.7% | (3,659) | $2.42 |
| S.J.Cap./S.Clemente/D.P./C.B. | 829,395 | 66,410 | 8.0% | (41,861) | N/A |
| SOUTH COUNTY | 16,859,958 | 3,262,280 | 19.3% | (450,621) | $2.72 |
| Seal Beach | 304,381 | 4,752 | 1.6% | 0 | $2.45 |
| Westminster | 252,100 | 51,540 | 20.4% | 0 | N/A |
| Huntington Beach | 1,180,982 | 242,222 | 20.5% | (35,089) | $2.63 |
| Fountain Valley | 671,554 | 142,379 | 21.2% | (1,714) | N/A |
| Garden Grove | 496,486 | 37,100 | 7.5% | (5,906) | N/A |
| Los Alamitos/Stanton | 266,502 | 8,044 | 3.0% | 0 | N/A |
| Cypress | 1,009,069 | 44,766 | 4.4% | 14,211 | N/A |
| WEST COUNTY | 4,181,074 | 530,803 | 12.7% | (28,498) | $2.62 |
| Parkcenter Area | 2,873,961 | 265,436 | 9.2% | (56,925) | $2.27 |
| Stadium Area | 3,478,533 | 446,473 | 12.8% | (86,249) | $2.37 |
| The City Area | 2,222,601 | 946,811 | 42.6% | 22,195 | $2.13 |
| Main Place Area | 2,290,431 | 182,956 | 8.0% | 70,731 | $2.29 |
| Tustin (South of I-5) | 674,160 | 23,041 | 3.4% | 2,926 | N/A |
| Santa Ana | 2,397,699 | 281,277 | 11.7% | (20,652) | N/A |
| North/East Anaheim | 2,323,090 | 254,340 | 10.9% | 8,124 | $2.31 |
| East Orange | 224,805 | 670 | 0.3% | 3,972 | N/A |
| Civic Center Area | 1,848,601 | 361,910 | 19.6% | (73,452) | $2.10 |
| CENTRAL COUNTY | 18,333,881 | 2,762,914 | 15.1% | (129,330) | $2.24 |
| Fullerton | 717,200 | 13,484 | 1.9% | (5,021) | N/A |
| Brea/La Habra | 3,943,543 | 850,986 | 21.6% | (77,392) | $2.50 |
| Placentia/Yorba Linda | 221,978 | 28,447 | 12.8% | 2,382 | N/A |
| Buena Park/La Palma | 921,927 | 146,427 | 15.9% | (40,029) | $2.15 |
| NORTH COUNTY | 5,804,648 | 1,039,344 | 17.9% | (120,060) | $2.44 |
| ORANGE COUNTY | 81,100,891 | 15,262,947 | 18.8% | (1,592,901) | $2.61 |
| Ontario | 3,549,850 | 1,044,104 | 29.4% | (52,895) | $2.33 |
| Rancho Cucamonga | 2,676,882 | 660,383 | 24.7% | 39,851 | $2.40 |
| Fontana | 104,235 | 31,756 | 30.5% | 1,172 | N/A |
| Chino | 267,373 | 87,196 | 32.6% | 3,717 | $2.54 |
| INLAND EMPIRE WEST | 6,598,340 | 1,823,439 | 27.6% | (8,155) | $2.36 |
| Riverside | 3,784,896 | 865,000 | 22.9% | 44,018 | $2.53 |
| San Bernardino | 3,367,683 | 771,335 | 22.9% | (160,914) | $1.94 |
| Colton/Cooley Ranch | 268,295 | 27,910 | 10.4% | 10,296 | N/A |
| Redlands/Loma Linda | 997,732 | 251,485 | 25.2% | (10,538) | $1.95 |
| INLAND EMPIRE EAST | 8,418,606 | 1,915,730 | 22.8% | (117,138) | $2.36 |
| Corona | 1,754,532 | 591,622 | 33.7% | (22,593) | $2.41 |
| CORONA | 1,754,532 | 591,622 | 33.7% | (22,593) | $2.41 |
| INLAND EMPIRE | 16,771,478 | 4,330,791 | 25.8% | (147,886) | $2.37 |
| GRAND TOTAL - ALL MARKETS: | 290,099,405 | 49,348,700 | 17.0% | (4,794,383) | $2.88 |
* Rental rates reflect $psf/month
Source: Cushman & Wakefield
