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 (sf/mo)

Leasing Activity SF

Vacant Available SF


  • Q1 - 2021
  • Q1 - 2022
  • Q1 - 2023

Leasing Market Overview


Vacancy rates in Downtown Los Angeles are currently at 8.3%, which is higher than the retail market average of 5.3%. Over the past 12 months, there was a net absorption of -310,000 SF, indicating a challenging time for the retail market.

However, a handful of tenants have still managed to sign leases in recent months, including Silverback Coffee, which leased 6,800 SF at the 400 S Hope office building on Bunker Hill in November. Star BBQ committed to 7,000 SF at 750 S Broadway in the Historic Core, backfilling the space previously occupied by Los Angeles Biergarten in May 2022.


No. Signed Date Start Date Address SF Leased Rent/SF/Mo Months on Market Leasing Rep Company
1 Jan-23 Feb-23 727 W. 7th St 4,300 5 9 Colliers
2 Jan-23 Feb-23 1329-1333 Santee St 1,500 1.6 0 Lux Equities, LLC
3 Jan-23 Feb-23 257-263 S. Spring St 5,594 2.5 27 Kennedy-Wilson Properties, Ltd.
4 Feb-23 Mar-23 908 Santee St 1,600 2.5 1 South Park Group, Inc.
5 Feb-23 Mar-23 1200 S. Grand Ave. 1,971 4 37 Kennedy-Wilson Properties, Ltd.
6 Feb-23 Mar-23 1100 S. Hill St. 5,812 3.5 26 Elevate Retail Group
7 Feb-23 Mar-23 951 Crocker St 1,500 1.47 9
8 Mar-23 Apr-23 1325-1355 Palmetto St 3,160 3.57 14 Union Cowork
9 Mar-23 Apr-23 255 S. Santa Fe Ave 5,377 2.75 9 Figure 8 Realty
10 Mar-23 Apr-23 406-414 Pico Blvd 3,205 2.5 4 Royal Real Estate


Successful Tenants

Meet Phil, owner of Freda’s Pizza & Woodfired Kitchen in Westlake Village, CA. His passion for the craft led him and his partner to create Freda’s Pizza & Woodfired Kitchen, a concept that combines traditional techniques and ingredients with a modern twist.

With a prime location secured, Freda’s Pizza & Woodfired Kitchen was able to hit the ground running and quickly establish itself as a popular destination for pizza lovers.