Q1 2024 Market Trends Newsletter

May 9, 2024


The outlook for industrial space is less rosy these days, with sublease space on the rise, a decline in demand, and oversupply issues particularly in the Inland Empire. The office market in LA continues its nosedive, but the IE’s office sector is the strongest nationwide (as compared to the 50 largest U.S. office markets). Demand for higher-end units is keeping the multifamily market afloat across SoCal, while high transfer taxes are muting sales activity in LA for both multifamily and hotel buildings.

In the following pages, we outline the major market trends in the Los Angeles and Inland Empire market sectors, along with key indicators. In today’s quickly changing environment, we remain ready to assist you with your commercial real estate valuation needs at any time.

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