Deke's Investment Blog - March 20, 2017
Vacancy rates continue to decline in apartment and office properties. The corollary is increasing rents. Average office rent is forecast at $2.98 per sq. ft. in LA this year, a 5% increase from last year. Transaction volume is slower but still strong. Job gains have boosted demand for office space. The national and southern California economy looks healthy at the beginning of 2017.