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Greater Los Angeles Office Snapshot Q1 2025
April 16, 2025 10 Minute Read
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Total leasing volume for the quarter exceeded 3.5 million sq. ft., down slightly from the prior quarter. New leases accounted for 58% of the total amount of leases signed in GLA, while renewals made up the remaining 42%. Despite being the largest contributor of negative absorption, West Los Angeles inked over 25% of deals in Greater Los Angeles in Q1 2025.