Los Angeles Q3 2026 Office Market Report

Sizeable renewals push total leasing activity to highest level since 2019

Leasing activity across Los Angeles (LA) totaled 4.0 million square feet (msf) in Q3 2026, increasing 0.7% quarter over quarter and 15.0% year over year. Quarterly leasing activity is finally reaching levels last seen in 2019, mainly driven by numerous large renewals, such as Raytheon’s 144,709-square-foot lease (sf) in El Segundo and Pepperdine University’s 117,495-sf lease in Marina/Playa Vista. Renewals accounted for 60.0% of the ten largest transactions in LA during the quarter. Technology, advertising, media and information companies signed large leases in Q3 2026 by either relocating within the market, opening new locations or expanding.

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