DOWNTOWN LOS ANGELES
Arts District, Chinatown, Civic Center, Fashion District, Financial District, Little Tokyo, Historic Downtown LA, South Park, and more.
Rent Rate (sf/mo)
Leasing Activity SF
Vacant Available SF
SOURCE: CoStar
- Q1 - 2023
- Q1 - 2024
- Q1 - 2025
Leasing Market Overview
MEASURING Q1 2025Retail vacancy in the submarket reached 9.4% in Q1, up from 7.0% a year ago and a low of 4.9% in Q3 2022. This marks one of the highest vacancy rates across Greater Los Angeles and sits well above the metro average of 5.8%. It’s important to note that these figures exclude ground-floor retail in office and multifamily buildings. The sluggish return of office workers, along with ongoing concerns around crime and homelessness, has continued to weigh on Downtown LA’s retail environment.
SNAPSHOT OF LEASES SIGNED
| No. | Signed Date | Start Date | Address | SF Leased | Rent/SF/Mo | Months on Market | Leasing Rep Company |
|---|---|---|---|---|---|---|---|
| 1 | Mar-25 | Apr-25 | 1322 Santee St | 2,820 | $2.47 | 2 Mos | TDS Management, Inc. |
| 2 | Mar-25 | Apr-25 | 316 W 2nd St | 1,100 | $3.00 | 15 Mos | Kidder Mathews |
| 3 | Mar-25 | Apr-25 | 363-375 E 2nd St | 2,507 | $3.75 | 7 Mos | CBRE |
| 4 | Feb-25 | Mar-25 | 333 S Spring St | 2,618 | $3.25 | 11 Mos | ili Commercial Real Estate |
| 5 | Feb-25 | Mar-25 | 221 E 12th St | 129 | $2.90 | 8 Mos | Plenty of Places |
| 6 | Feb-25 | Mar-25 | 1111-1119 S Hope St | 1,500 | $4.00 | 5 Mos | Saxum West |
| 7 | Feb-25 | Mar-25 | 300 S Santa Fe Ave | 587 | $4.50 | 6 Mos | KWP Real Estate |
| 8 | Feb-25 | Mar-25 | 501 S Los Angeles St | 2,200 | $2.00 | 5 Mos | realestatela.com |
| 9 | Jan-25 | Feb-25 | 818 N Spring St | 1,800 | $1.30 | LTMK Real Estate LLC | |
| 10 | Jan-25 | Feb-25 | 808 Wall St | 1,100 | $4.77 | 1 Mo | realestatela.com |
SOURCE: CoStar