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Highlights include:

  • New economic data continue to reinforce the idea that California’s economy is improving.
  • Retail sales are expected to grow but at lower rates.
  • Industrial lease rates for the Basin increased slightly in the fourth quarter compared to last year.
  • For the first time in a long time, office lease rates are holding steady for all of the Los Angeles Basin.
  • Multifamily vacancy rates throughout the Basin are extremely low and expect for them to remain low for the foreseeable future.