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QUARTERLY TRACKING STATS RESIDENTIAL
from 2022 Annual Report
The residential market has rebounded strongly after a substantial decline during the pandemic, with current rents and occupancy levels exceeding pre-pandemic record highs due to growing demand and a relative pause in new deliveries.
Office
Vacancy continued to rise and rents declined slightly as uncertainty about return-towork continued to dampen leasing activity across Southern California.
Retail
Retail rents and vacancy have remained remarkably stable through the pandemic, indicating that interest in urban locations like Downtown LA remains strong among most national retail chains.
Hotel
Although occupancy and RevPAR remain below pre-pandemic levels, both have made significant gains in 2022 and are now only 8% below where they were in 2019.
