Market Report: West Hollywood

Vacancy has risen steadily over the past two years, with a pronounced increase throughout 2025 and into early 2026, indicating expanding availability. Leasing activity has remained relatively strong compared to other submarkets, though it has moderated from peak levels in 2024 and early 2025. The latest quarter shows continued activity but at a reduced pace, suggesting some cooling in tenant demand. Deal volume remains active and relatively stable, reflecting ongoing transactional engagement. Rent growth peaked in 2025 and has begun to decline, with Q1 2026 showing a noticeable pullback, signaling increased pricing pressure. Overall, the market remains active but is transitioning toward a more balanced environment as supply growth outpaces recent leasing momentum.