Q3 2024 Market Trends Newsletter
December 11, 2024
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Keep up with our latest research and analysis! Articles are a deep dive into special topics. Market Insights round up the latest reporting trends and market movements for the region. Quarterly Newsletters present essential data, statistics, and analysis for every major CRE market sector in Los Angeles and the Inland Empire on a quarterly basis (drawn from CoStar data).
ARTICLES
- Direct to Consumer Brands & Commercial Retail Spaces
- Adaptive Reuse: A Viable Strategy for Office Spaces?
- COVID-19 and Commercial Real Estate
- Right-of-Way Appraisals
- Tax Code Changes
- Assessing Risk to Commercial Properties
- Fair Market Rental Value in Commercially Leased Spaces: Appraisal Methods
CONTACT US
Matthew Lubawy, MAI, CVA
Senior Managing Director
Valbridge Property Advisors
LA@valbridge.com
(626) 486-9327
www.valbridge.com
In Q3 2024, the Los Angeles and Inland Empire commercial real estate markets continued to navigate a complex environment marked by shifting demand and economic adjustments.
Industrial vacancy rates saw a rise due to reduced occupancy and new developments, while office sectors faced high vacancies driven by tenant downsizing and hybrid work models. Retail and multifamily sectors remained relatively stable, with slight fluctuations in vacancy rates and rental growth. In the hospitality industry, luxury and upscale segments sustained higher occupancy rates despite varied performance metrics.
In the following pages, we outline the major market trends in the Los Angeles and Inland Empire market sectors, along with key indicators. In today’s quickly changing environment, we remain ready to assist you with your commercial real estate valuation needs at any time.