the sign of a Profitable Property

Market Report: Los Angeles


Arts district, Chinatown, Civic Center, Fashion District, Financial District, Little Tokyo, Historic Downtown LA, South Park, and more.

Rent Rate

Leasing Activity SF

Vacant Available SF



Leasing Market Overview

Comparing 2021 vs 2022

It is no surprise that the rise and peak in the inflation rate during this year has stomped retail leasing activity throughout all sectors. Downtown Los Angeles is no exception. On average, DTLA experienced lower deals leased in 2022 vs. 2021, with an approximate 35% decrease in lease transactions overall. Due to a shift towards subleasing demands, 22Q4 experienced a net positive absorption rate, albeit a steep dropoff from the previous two quarters.

However, with the end-of-the-year rates previewing a cooling trend, CoStar data is starting to show a minor dip in vacancy rates, alleviating some of the high vacancies we have seen this year.

With the completion of the Metro Regional Connector forecasted for 2023, three new underground stations will extend from the L Line (Gold) in Little Tokyo and Arts District communities to the A (Blue) and E (Expo) Lines at 7th Street/Metro Center Station. Retailers can look forward to transit consumers being spread out evenly throughout DTLA.

Although retail will need to find a more stable footing in filling vacant space, we can expect a less severe downturn for retail in the upcoming year.


No. Signed Date Start Date Address SF Leased Rent/SF/Mo Months on Market Leasing Rep Company
1 Dec-23 Jan-23 800 Wilshire Blvd Los Angeles 2891 12 Mos Onni   Group
2 Dec-23 Jan-23 908 Santee St Los Angeles 2200 $24.00    2 Mos South Park Group, Inc.
3 Dec-23 Jan-23 1048-1050 S Los Angeles St Los Angeles 275 $67.20    3 Mos Coldwell Banker Commercial   Realty
4 Dec-23 Jan-23 1201 S Hope St Los Angeles 1103 $48.00    54 Mos Kennedy-Wilson Properties   Ltd
5 Dec-23 Jan-23 646-654 N Spring St Los Angeles 7502 $45.00    20 Mos Industry Partners
6 Nov-23 Nov-23 1200 S Wall St Los Angeles 1350 $36.00    7 Mos CBRE
7 Nov-23 Dec-23 221-227 E Pico Blvd Los Angeles 2000 $36.00    4 Mos North American Commercial   Indus.
8 Nov-23 Dec-23 1301 W 7th St Los Angeles 1500 $33.60    18 Mos NAI Capital
9 Nov-23 Dec-23 1301 W 7th St Los Angeles 1500 $33.60    18 Mos NAI Capital
10 Nov-23 Dec-23 123 S Onizuka St Los Angeles 3250 35 Mos District Realty Group
11 Nov-23 Dec-23 261-275 E Olympic Blvd Los Angeles 1000 $42.00    34 Mos Tiferet LLC
12 Nov-23 Dec-23 777 S Alameda St Los Angeles 2858 $33.60    8 Mos Atlas Capital Group LLC
13 Nov-23 Nov-23 400 S Hope St Los Angeles 6797 $24.00    12 Mos CBRE
14 Nov-23 Dec-23 752 S Main St Los Angeles 500 $60.00    19 Mos Innovative Real Estate
15 Oct-23 Nov-23 208-210 W 14th St Los Angeles 1250 $24.00    2 Mos Coldwell Banker Commercial   Valle.
16 Oct-23 Nov-23 630 S Los Angeles St Los Angeles 1155 $36.36    28 Mos Samko General Partnership
17 Oct-23 Dec-23 2020-2028 E 7th St Los Angeles 7654 23 Mos Method Commercial
18 Oct-23 Nov-23 800 W Olympic Blvd Los Angeles 7842 7 Mos CBRE
19 Oct-23 Nov-23 1051 S Broadway Los Angeles 3800 $48.00    33 Mos Newmark
20 Oct-23 Nov-23 933 N Broadway Los Angeles 5000 $19.20    6 Mos Coldwell Banker Commercial   Realty
21 Oct-23 Nov-23 340 E 2nd St Los Angeles 2493 20 Mos Kidder Mathews


Successful Tenants

Meet Tia, owner of Tia Donuts. After leaving Cambodia and arriving in the United States, Tia started working at a donut shop where she learned the basics of baking donuts.

Later after opening her first store in 2005 in San Francisco, she decided to sell it and move to Los Angeles, finding a location in Reseda, between Reseda blvd., and Oxnard st.