The largest Californian city - Los Angeles, ranked as the most attractive commercial real estate market for several consecutive years, according to the surveys conducted by the CBRE Group. It is influenced by positive macroeconomic factors, such as tax cuts, favorable regulatory changes, not to forget about the availability of the vast talent pool, superb infrastructure, and so on. LA is a perfect place for employment and investment opportunities. Fueled by the diverse and rapidly expanding economy, the commercial space for rent in Los Angeles is ready to meet the requirements of a vast array of tenants. The continuous growth takes place in the region despite the fact that it is indeed hard to bring new projects into life, because of the strict regulations regarding new constructions. Yet, along with the regional occupiers, the market in the city draws tenants from China, Europe, Canada, etc. Industry growth and low unemployment rates (about 4%) will continue to fuel the demand for commercial properties in Los Angeles, as well as the rise in the rental fees. Experts expect the climb in the prices in all the assets of the market. Yet, the industrial submarket will likely be the hottest one in the area, being strengthened and shaped by the e-commerce issues. Traditional retail also struggles. This sector slightly has a promising future, the only way out is to cater to the needs of the specific target audience - e.g., service-based tenants. The new ways of work have led the way towards the reorganization of the office market. Currently, more and more tenants are looking for alternative workspace options to locate their businesses. Flexible commercial spaces of office type in Los Angeles successfully compete with the traditional ones, offering more agile membership solutions in modern and professional surroundings for reasonable costs. MatchOffice is ready to propose top commercial properties for lease in Los Angeles from the renowned local and international agencies and solo-landlords. By renting venues with us, you will benefit from high-quality free services.
