Los Angeles Class A Office Vacancy Recovery! Are We There Yet?

Optimism is echoed as compared to the previous quarters by many office investors and business owners. A recent leasing survey by local real estate professionals show lease transactions consummating but at a steady and slow pace. Renewals by Tenants are keeping the vacancy factor constant as long as Tenants are not leaving. We are not seeing many new businesses located in the local area making sideways moves. Many Landlord Leasing Representatives are targeting quality tenants located just outside the local market in hope of brining them in. Businesses that have weathered the storm by now, are able to take a slight breath as the overall sluggish economic moves in a positive direction but at snails pace.  Construction has yet to be seen, however there is buzz out there that projects are going to begin. 

Los Angeles Business Journal Article

Woodland Hills Class A Office For Lease - Warner Premier Tour

 Warner Premier is a Class A professional office building is centrally located in the Warner Center and the city of Woodland Hills. This prime Warner Center location has great visibility and convenient access to the (101) Ventura Freeway.
The address is 5550 Topanga Canyon, Woodland Hills and is located on the signalized corner of Burbank Boulevard and Topanga Canyon Boulevard. This location also benefits from the State Enterprise Zone. The property features highly efficient floor plates, abundant window lines and state of the art security and HVAC system. Warner Premier is parked 3.5:1,000 and offers both reserved and covered parking.
For more information and availability of space for lease, please contact Eric Nishimoto at the Calabasas Lee & Associates 818-223-4388