LOS ANGELES BUSINESS JOURNAL THE LIST offIce ProPerTy ... › a2labj › lists ›...
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Rank Firm ¥ name ¥ address ¥ website Office Sq. Footage 1 ¥ L.A. County ¥ firmwide Other Types 2 ¥ retail ¥ industrial Percent Owned ¥ L.A. County ¥ firmwide Services (partial list) Profile ¥ headquarters ¥ offices (L.A. County/total) ¥ year founded Top Local Executive ¥ name ¥ title ¥ phone 1 CBRE Group Inc. 355 S. Grand Ave., Suite 2700 Los Angeles 90071 cbre.com 17.0 1,100.0 4.2 16.1 0% 0% property and asset management, construction management, agency leasing, tenant representation, investment Los Angeles 6/400 1906 Robert Peddicord Sr. Managing Director (213) 613-3333 2 Jones Lang LaSalle 515 S. Flower St., 13th Floor Los Angeles 90071 us.joneslanglasalle.com/losangeles 12.4 1,344.0 5.2 0.3 0 0 facilities management, property management, agency leasing, tenant representation, capital markets Chicago 5/200 1783 Michael Prabhu/Peter Belisle Regional Manager Managing Director (213) 239-6200 3 Lincoln Property Co. 915 Wilshire Blvd., Suite 2050 Los Angeles 90017 lpcsocal.com 9.0 N/A 0.0 1.8 25 N/A asset/leasing/property management, brokerage, acquisition and development, construction management Dallas 23/44 1965 David S. Binswanger Executive V.P., Southern California (213) 538-0900 4 Hines 444 S. Flower St., Suite 2100 Los Angeles 90071 hines.com 7.1 105.3 0.0 0.0 41 52 property, asset, facility, engineering, construction, development, leasing and marketing management Houston 9/104 1957 Colin P. Shepherd/ Douglas H. Metzler Sr. V.P./Managing Director (213) 629-5200 5 PM Realty Group LP 18201 Von Karman, Suite 500 Irvine 92612 pmrg.com 6.2 135.0 0.0 0.4 0 1 leasing, investment, property, asset, facility and construction management Houston 6/200 1955 Mark Mattis Sr. Vice President (310) 215-1500 6 Transwestern 601 S. Figueroa St., Suite 2750 Los Angeles 90017 transwestern.net 5.6 114.0 0.0 3.0 0 0 agency leasing, property and facility management, investment services, tenant advisory, capital markets, development, sustainability Houston 2/33 1978 David W. Rock Managing Senior Vice President (213) 624-5700 7 IDS Real Estate Group 515 S. Figueroa St., 16th Floor Los Angeles 90071 idsrealestate.com 5.4 6.6 0.6 6.2 0 0 property/asset/construction/ development management, leasing, corporate services, acquisition/ disposition Los Angeles 5/9 1986 David G. Mgrublian/ Murad Siam CEOs (213) 362-9300 8 Charles Dunn Real Estate Services Inc. 800 W. Sixth St., Suite 600 Los Angeles 90017 charlesdunn.com 4.7 5.7 4.4 8.8 0 0 property/facility/asset management, brokerage, consulting, receiverships, accounting Los Angeles 2/5 1921 Patrick J. Conn President, Property Management (213) 683-0500 9 Cushman & Wakefield 601 S. Figueroa, Suite 4700 Los Angeles 90071 cushwake.com 4.6 N/A 0.2 5.8 0 0 property management, facilities management, project management, agency leasing, due diligence, consulting New York 14/253 1917 Mary A. Marx Senior Managing Director (213) 955-5100 10 Morlin Asset Management LP 701 N. Brand Blvd., Suite 810 Glendale 91203 morlinmgmt.com 4.2 4.5 0.4 1.7 0 0 property management, leasing, construction supervision, investment/financing, engineering, advisory Los Angeles 4/4 1984 Jock A. Ebner President (213) 622-4442 11 R7 Real Estate Inc. 25500 Hawthorne Blvd., Suite 2250 Torrance 90505 r7re.com 4.1 4.1 0.2 5.5 0 0 management, consulting, construction/project management, commercial property accounting, due diligence services Torrance 3/3 2010 Stan L. Yoshihara Chief Visionary Officer (310) 373-7200 12 Worthe Real Estate Group 100 Wilshire Blvd., Suite 1600 Santa Monica 90401 worthe.com 3.9 3.9 0.5 0.5 0 0 asset and property management, construction management, general contracting, leasing Santa Monica 10/10 1967 Jeffrey M. Worthe/ M. David Paul President/General Partner (310) 393-9653 13 Means Knaus Partners 707 Wilshire Blvd., Suite 4840 Los Angeles 90017 meansknaus.com 3.5 23.0 0.0 0.0 0 N/A property management, construction administration, landlord leasing representation, development, due diligence Houston 7/50 1981 Robert Nowak COO (213) 614-2300 14 Real Estate Group 1762 Westwood Blvd., Suite 400 Los Angeles 90024 tregcorp.com 2.9 3.1 0.3 0.6 0 0 property management, asset management, brokerage, construction management, receivership Los Angeles 1/2 1998 Robin Jordan President (310) 500-2840 15 Property Management Associates 6011 Bristol Parkway Culver City 90230 wemanageproperties.com 2.5 3.2 0.9 0.6 0 0 property management, asset management, construction management, acquisition/disposition due diligence Culver City 1/1 1991 Thomas Spear CEO (323) 295-2000 16 Newmark Grubb Knight Frank 445 S. Figueroa St., Suite 3300 Los Angeles 90071 ngkf.com 2.1 N/A 0.7 0.0 0 0 property and facility management, project management, agency leasing, tenant representation New York 4/119 1958 Caroline Kase Associate V.P., Senior Portfolio Manager (213) 596-2222 17 RiverRock Real Estate Group Inc. 100 Bayview Circle, Suite 2600 Newport Beach 92660 riverrockreg.com 1.6 7.3 0.5 1.1 N/A N/A property/construction/facilities management, consulting, leasing Newport Beach 3/16 2003 John Combs Principal (714) 689-1440 18 Moss & Co. Property Management 15300 Ventura Blvd., Suite 405 Sherman Oaks 91403 mosscompany.com 0.8 0.8 0.4 0.6 30 30 multifamily and commercial property management Sherman Oaks 1/1 1960 Cindy Gray President, Partner (818) 990-5999 1 In millions. 2 In L.A. County in millions of square feet. N/A - Not Available Note: The information on this list was provided by representatives of the companies themselves. Property managers are ranked by the total amount of office space under management in L.A. County and firmwide, respectively. Firms that own more than 50 percent of the property that they manage in L.A. County are not included on the list. To the best of our knowledge, this information is accurate as of press time. While every effort is made to ensure the accuracy and thoroughness of the list, omissions and typographical errors sometimes occur. Please send corrections or additions on company letterhead to the Research Department, Los Angeles Business Journal, 5700 Wilshire Blvd., Suite 170, Los Angeles 90036. ©2013 Los Angeles Business Journal. This list may not be reprinted in whole or in part without prior written permission from the editor. Reprints are available from the YGS Group, (800) 290-5460 ext. 100. Researched by David Nusbaum 16 LOS ANGELES BUSINESS JOURNAL JANUARY 14, 2013 THE PACESETTER: CBRE Group Inc. is the largest third-party office property man- ager in L.A. County. The company has 17 million square feet of office space under management locally. In addition to office space, the firm man- ages an additional 4.2 million square feet of retail space and 16.1 million square feet of indus- trial space combined, making it the largest property manager in the county. 1 THE LIST Ranked by office square footage managed in L.A. County OFFICE PROPERTY MANAGEMENT FIRMS NEXT WEEK The Largest Commercial Real Estate Developers in L.A. County Westside $3.73 Downtown 3.15 Tri-Cities 2.86 Hollywood 2.78 Santa Clarita Valley 2.42 South Bay 2.27 Managed Costs Expensss for commercial building operations. 24% Utilities 25% Janitorial 12% Insurance 26% Taxes 13% Administrative Location Dollars Third quarter average ask- ing rents by submarket for Class A office property. Source : Institute of Real Estate Management Source : Jones Lang LaSalle
Transcript of LOS ANGELES BUSINESS JOURNAL THE LIST offIce ProPerTy ... › a2labj › lists ›...
Rank Firm¥ name
¥ address
¥ website
Office Sq.Footage1
¥ L.A. County
¥ firmwide
Other Types2
¥ retail
¥ industrial
PercentOwned¥ L.A. County
¥ firmwide
Services(partial list)
Profile¥ headquarters
¥ offices
(L.A. County/total)
¥ year founded
Top Local Executive¥ name
¥ title
¥ phone
1CBRE Group Inc.355 S. Grand Ave., Suite 2700Los Angeles 90071cbre.com
17.01,100.0
4.216.1
0%0%
property and asset management,construction management, agencyleasing, tenant representation,investment
Los Angeles6/4001906
Robert PeddicordSr. Managing Director(213) 613-3333
2Jones Lang LaSalle515 S. Flower St., 13th FloorLos Angeles 90071us.joneslanglasalle.com/losangeles
12.41,344.0
5.20.3
00
facilities management, propertymanagement, agency leasing, tenantrepresentation, capital markets
Chicago5/2001783
Michael Prabhu/Peter BelisleRegional ManagerManaging Director(213) 239-6200
3Lincoln Property Co.915 Wilshire Blvd., Suite 2050Los Angeles 90017lpcsocal.com
9.0N/A
0.01.8
25N/A
asset/leasing/property management,brokerage, acquisition anddevelopment, constructionmanagement
Dallas23/441965
David S. BinswangerExecutive V.P., SouthernCalifornia(213) 538-0900
4Hines444 S. Flower St., Suite 2100Los Angeles 90071hines.com
7.1105.3
0.00.0
4152
property, asset, facility, engineering,construction, development, leasingand marketing management
Houston9/1041957
Colin P. Shepherd/Douglas H. MetzlerSr. V.P./Managing Director(213) 629-5200
5PM Realty Group LP18201 Von Karman, Suite 500Irvine 92612pmrg.com
6.2135.0
0.00.4
01
leasing, investment, property, asset,facility and constructionmanagement
Houston6/2001955
Mark MattisSr. Vice President(310) 215-1500
6Transwestern601 S. Figueroa St., Suite 2750Los Angeles 90017transwestern.net
5.6114.0
0.03.0
00
agency leasing, property and facilitymanagement, investment services,tenant advisory, capital markets,development, sustainability
Houston2/331978
David W. RockManaging Senior VicePresident(213) 624-5700
7IDS Real Estate Group515 S. Figueroa St., 16th FloorLos Angeles 90071idsrealestate.com
5.46.6
0.66.2
00
property/asset/construction/development management, leasing,corporate services, acquisition/disposition
Los Angeles5/91986
David G. Mgrublian/Murad SiamCEOs(213) 362-9300
8Charles Dunn Real Estate Services Inc.800 W. Sixth St., Suite 600Los Angeles 90017charlesdunn.com
4.75.7
4.48.8
00
property/facility/asset management,brokerage, consulting, receiverships,accounting
Los Angeles2/51921
Patrick J. ConnPresident, PropertyManagement(213) 683-0500
9Cushman & Wakefield601 S. Figueroa, Suite 4700Los Angeles 90071cushwake.com
4.6N/A
0.25.8
00
property management, facilitiesmanagement, project management,agency leasing, due diligence,consulting
New York14/2531917
Mary A. MarxSenior Managing Director(213) 955-5100
10Morlin Asset Management LP701 N. Brand Blvd., Suite 810Glendale 91203morlinmgmt.com
4.24.5
0.41.7
00
property management, leasing,construction supervision,investment/financing, engineering,advisory
Los Angeles4/41984
Jock A. EbnerPresident(213) 622-4442
11R7 Real Estate Inc.25500 Hawthorne Blvd., Suite 2250Torrance 90505r7re.com
4.14.1
0.25.5
00
management, consulting,construction/project management,commercial property accounting,due diligence services
Torrance3/32010
Stan L. YoshiharaChief Visionary Officer(310) 373-7200
12Worthe Real Estate Group100 Wilshire Blvd., Suite 1600Santa Monica 90401worthe.com
3.93.9
0.50.5
00
asset and property management,construction management, generalcontracting, leasing
Santa Monica10/101967
Jeffrey M. Worthe/M. David PaulPresident/General Partner(310) 393-9653
13Means Knaus Partners707 Wilshire Blvd., Suite 4840Los Angeles 90017meansknaus.com
3.523.0
0.00.0
0N/A
property management, constructionadministration, landlord leasingrepresentation, development, duediligence
Houston7/501981
Robert NowakCOO(213) 614-2300
14Real Estate Group1762 Westwood Blvd., Suite 400Los Angeles 90024tregcorp.com
2.93.1
0.30.6
00
property management, assetmanagement, brokerage,construction management,receivership
Los Angeles1/21998
Robin JordanPresident(310) 500-2840
15Property Management Associates6011 Bristol ParkwayCulver City 90230wemanageproperties.com
2.53.2
0.90.6
00
property management, assetmanagement, constructionmanagement, acquisition/dispositiondue diligence
Culver City1/11991
Thomas SpearCEO(323) 295-2000
16Newmark Grubb Knight Frank445 S. Figueroa St., Suite 3300Los Angeles 90071ngkf.com
2.1N/A
0.70.0
00
property and facility management,project management, agency leasing,tenant representation
New York4/1191958
Caroline KaseAssociate V.P., SeniorPortfolio Manager(213) 596-2222
17RiverRock Real Estate Group Inc.100 Bayview Circle, Suite 2600Newport Beach 92660riverrockreg.com
1.67.3
0.51.1
N/AN/A
property/construction/facilitiesmanagement, consulting, leasing
NewportBeach3/162003
John CombsPrincipal(714) 689-1440
18Moss & Co. Property Management15300 Ventura Blvd., Suite 405Sherman Oaks 91403mosscompany.com
0.80.8
0.40.6
3030
multifamily and commercial propertymanagement
ShermanOaks1/11960
Cindy GrayPresident, Partner(818) 990-5999
1 In millions.2 In L.A. County in millions of square feet.N/A - Not Available Note: The information on this list was provided by representatives ofthe companies themselves. Property managers are ranked by the total amount of officespace under management in L.A. County and firmwide, respectively. Firms that own morethan 50 percent of the property that they manage in L.A. County are not included on thelist. To the best of our knowledge, this information is accurate as of press time. While
every effort is made to ensure the accuracy and thoroughness of the list, omissions andtypographical errors sometimes occur. Please send corrections or additions on companyletterhead to the Research Department, Los Angeles Business Journal, 5700 WilshireBlvd., Suite 170, Los Angeles 90036. ©2013 Los Angeles Business Journal. This list maynot be reprinted in whole or in part without prior written permission from the editor.Reprints are available from the YGS Group, (800) 290-5460 ext. 100.
Researched by David Nusbaum
16 LOS ANGELES BUSINESS JOURNAL JANUARY 14, 2013
THE PACESETTER: CBRE Group Inc. is the largest third-party office property man-ager in L.A. County. The company has 17 million square feet of office space under management locally. In addition to office space, the firm man-ages an additional 4.2 million square feet of retail space and 16.1 million square feet of indus-trial space combined, making it the largest property manager in the county.
1
THE LISTRanked by office square footage managed in L.A. County
offIce ProPerTy managemenT fIrmS nexT weekThe Largest Commercial Real Estate Developers in L.A. County
Location DollarsThird quarter average asking rents by submarket for Class A office property.
Space FillersThird quarter vacancy rates for office propertied by market segment.
Westside $3.73Downtown 3.15Tri-Cities 2.86Hollywood 2.78Santa Clarita Valley 2.42South Bay 2.27
Property Managers Charts
Pie ChartManaged CostsExpenses for commercial building operations.24% 25 26 13 12Utilities Janitorial Taxes Administrative InsuranceSource: Institute of Real Estate Management Location DollarsThird quarter average asking rents by submarket for Class A office property.$3.73 3.15 2.86 2.78 2.42 2.27 2.22 2.21 2.18Westside Downtown Tri-Cities Hollywood Santa Clarita Valley South Bay San Gabriel Valley Wilshire Corridor San Fernando Valley
Space FillersThird quarter vacancy rates for office properties by market segment.22.1% 21.4 20.2 18.9 17.8 17.5 17 16.6 13.7Hollywood Santa Clarita Valley South Bay Wilshire Corridor Downtown Tri-Cities Westside San Fernando Valley San Gabriel ValleySource: Jones Lang LaSalle
Retail:
Source: Colliers International
Industrial Property:
Dollars and CentsThird quarter average asking rents by submarket for industrial property.$0.50 0.47 0.55 0.42 0.55Central L.A. Mid-Counties North Los Angeles San Gabriel Valley South Bay Warehouse WatchVacancy rates for industrial properties by market segment.4.6% 5.0 5.0 5.5 5.5Central L.A. Mid-Counties North Los Angeles San Gabriel Valley South BaySource: Jones Lang LaSalle
Regional Malls $4.15Lifestyle Centers 3.02Power Centers 2.87Neighborhood Ctrs. 2.33Single Tenant Bldgs. 2.05Strip Malls 1.60
Hollywood 22.1%Santa Clarita Valley 21.4South Bay 20.2Wilshire Corridor 18.9Downtown 17.8Tri-Cities 17.5
Strip Malls 9.3%Neighborhood Ctrs. 7.9Power Centers 7.5Lifestyle Centers 5Single Tenant Bldgs. 3.5Regional Malls 3.2
Industrial Property:
Dollars and CentsThird quarter average asking rents by submarket for industrial prop-erty.$0.50 0.47 0.55 0.42 0.55Central L.A. Mid-Counties North Los Angeles San Gabriel Valley South Bay Warehouse WatchVacancy rates for industrial proper-ties by market segment.4.6% 5.0 5.0 5.5 5.5Central L.A. Mid-Counties North Los Angeles San Gabriel Valley South BaySource: Jones Lang LaSalle
Central L.A. $0.50Mid-Cities 0.47North Los Angeles 0.55San Gabriel Valley 0.42South Bay 0.55
Central L.A. 4.6%Mid-Cities 5.0North Los Angeles 5.0San Gabriel Valley 5.5South Bay 5.5
Location DollarsThird quarter average asking rents by submarket for Class A office property.
Space FillersThird quarter vacancy rates for office propertied by market segment.
Westside $3.73Downtown 3.15Tri-Cities 2.86Hollywood 2.78Santa Clarita Valley 2.42South Bay 2.27
Property Managers Charts
Pie ChartManaged CostsExpenses for commercial building operations.24% 25 26 13 12Utilities Janitorial Taxes Administrative InsuranceSource: Institute of Real Estate Management Location DollarsThird quarter average asking rents by submarket for Class A office property.$3.73 3.15 2.86 2.78 2.42 2.27 2.22 2.21 2.18Westside Downtown Tri-Cities Hollywood Santa Clarita Valley South Bay San Gabriel Valley Wilshire Corridor San Fernando Valley
Space FillersThird quarter vacancy rates for office properties by market segment.22.1% 21.4 20.2 18.9 17.8 17.5 17 16.6 13.7Hollywood Santa Clarita Valley South Bay Wilshire Corridor Downtown Tri-Cities Westside San Fernando Valley San Gabriel ValleySource: Jones Lang LaSalle
Retail:
Source: Colliers International
Industrial Property:
Dollars and CentsThird quarter average asking rents by submarket for industrial property.$0.50 0.47 0.55 0.42 0.55Central L.A. Mid-Counties North Los Angeles San Gabriel Valley South Bay Warehouse WatchVacancy rates for industrial properties by market segment.4.6% 5.0 5.0 5.5 5.5Central L.A. Mid-Counties North Los Angeles San Gabriel Valley South BaySource: Jones Lang LaSalle
Regional Malls $4.15Lifestyle Centers 3.02Power Centers 2.87Neighborhood Ctrs. 2.33Single Tenant Bldgs. 2.05Strip Malls 1.60
Hollywood 22.1%Santa Clarita Valley 21.4South Bay 20.2Wilshire Corridor 18.9Downtown 17.8Tri-Cities 17.5
Strip Malls 9.3%Neighborhood Ctrs. 7.9Power Centers 7.5Lifestyle Centers 5Single Tenant Bldgs. 3.5Regional Malls 3.2
Industrial Property:
Dollars and CentsThird quarter average asking rents by submarket for industrial prop-erty.$0.50 0.47 0.55 0.42 0.55Central L.A. Mid-Counties North Los Angeles San Gabriel Valley South Bay Warehouse WatchVacancy rates for industrial proper-ties by market segment.4.6% 5.0 5.0 5.5 5.5Central L.A. Mid-Counties North Los Angeles San Gabriel Valley South BaySource: Jones Lang LaSalle
Central L.A. $0.50Mid-Cities 0.47North Los Angeles 0.55San Gabriel Valley 0.42South Bay 0.55
Central L.A. 4.6%Mid-Cities 5.0North Los Angeles 5.0San Gabriel Valley 5.5South Bay 5.5
Managed CostsExpensss for commercial building operations.
24%Utilities
25%Janitorial
12% Insurance
26%Taxes
13%Administrative
Location DollarsThird quarter average ask-ing rents by submarket for Class A office property.
Source : Institute of Real Estate Management
Source : Jones Lang LaSalle
JANUARY 14, 2013 the list LOS ANGELES BUSINESS JOURNAL 17
Come mingle, mix, and network with L.A.’s top hitters! You are invited to a celebration in honor of the top companies ranked in the Los Angeles Business Journal’s 2013 Book of Lists. Enjoy hors d’oeuvres and cocktails at the new and improved home of The Los Angeles Dodgers!
Cocktail Reception:Wednesday, January 30, 20136:00 to 8:00pm
The Stadium Club at Dodgers Stadium1000 Elysian ParkLos Angeles, CA 90012
PRESENTING SPONSOR:
California State University Northridge
Children’s Hospital Los Angeles
East West Bank
Marcum
GOLD SPONSORS:
Individual Tickets: $55
To RSVP for tickets please contact Jessica Ramey, Events Manager, at [email protected]
City of Industry
CO-HOSTED BY:
Moss Adams
Newmark Grubb Knight Frank
Rothstein Kass
Sheraton Fairplex Hotel and Conference Center
Rank Firm¥ name
¥ address
¥ website
Office Sq.Footage1
¥ L.A. County
¥ firmwide
Other Types2
¥ retail
¥ industrial
PercentOwned¥ L.A. County
¥ firmwide
Services(partial list)
Profile¥ headquarters
¥ offices
(L.A. County/total)
¥ year founded
Top Local Executive¥ name
¥ title
¥ phone
19LB Property Management4730 Woodman Ave., Suite 200Sherman Oaks 91423lbprop.com
0.71.2
0.50.1
0%0%
management, brokerage, financial ShermanOaks3/41988
Gregg BernsteinCFO(818) 981-1802
20Decron Properties Corp.6222 Wilshire Blvd., Suite 400Los Angeles 90048decronproperties.com
0.70.9
0.70.0
5050
investment, development, propertymanagement, and generalcontracting
Los Angeles1/11988
David J. Nagel/Jack M. NagelCEO, President/Chairman(323) 556-6600
21Kutzer Co.716 Mission St.South Pasadena 91030kutzer.com
0.60.6
0.60.0
2025
property management, assetmanagement, investment services,recapitalizations and workouts
SouthPasadena1/11992
Pete KutzerPresident(626) 441-9620
22Garboard/Keelson Asset and PropertyManagement210 Whaler's Walk, Berth 31San Pedro 90731garboardkeelson.com
0.30.4
0.00.2
2N/A
office/industrial, medical office, retailand marina office and fuelingoperations
San Pedro1/11990
Jack BoytPresident(310) 833-8700
231st Commercial Realty Group Inc.2009 Porterfield Way, Suite PUpland 917861st-comm.com
0.24.6
0.60.2
N/AN/A
inspections, insurance review, rentcollections, tenant retention, leaseadministration, budget planning
Upland3/121989
Michael PolleyPresident(909) 946-6226
24GM Properties12300 E. Washington Blvd., Suite AWhittier 90606gmpropertiesinc.com
0.20.2
0.22.5
00
leasing, sales, propertymanagement, maintenance services,trustee services
Whittier1/11963
Jason JamisonPresident(562) 696-0200
25Ratner Property Management8127 San Fernando RoadSun Valley 91352ratnerpm.com
0.20.2
0.00.7
00
residential, commercial andindustrial management
Sun Valley2/21999
Shaya StauberCOO(818) 767-4750
1 In millions.2 In L.A. County in millions of square feet.N/A - Not Available Note: The information on this list was provided by representatives ofthe companies themselves. Property managers are ranked by the total amount of officespace under management in L.A. County and firmwide, respectively. Firms that own morethan 50 percent of the property that they manage in L.A. County are not included on the
list. To the best of our knowledge, this information is accurate as of press time. Whileevery effort is made to ensure the accuracy and thoroughness of the list, omissions andtypographical errors sometimes occur. Please send corrections or additions on companyletterhead to the Research Department, Los Angeles Business Journal, 5700 WilshireBlvd., Suite 170, Los Angeles 90036. ©2013 Los Angeles Business Journal. This list maynot be reprinted in whole or in part without prior written permission from the editor.Reprints are available from the YGS Group, (800) 290-5460 ext. 100.
Researched by David Nusbaum
Location DollarsThird quarter average asking rents by submarket for Class A office property.
Space FillersThird quarter vacancy rates for office propertied by market segment.
Westside $3.73Downtown 3.15Tri-Cities 2.86Hollywood 2.78Santa Clarita Valley 2.42South Bay 2.27
Property Managers Charts
Pie ChartManaged CostsExpenses for commercial building operations.24% 25 26 13 12Utilities Janitorial Taxes Administrative InsuranceSource: Institute of Real Estate Management Location DollarsThird quarter average asking rents by submarket for Class A office property.$3.73 3.15 2.86 2.78 2.42 2.27 2.22 2.21 2.18Westside Downtown Tri-Cities Hollywood Santa Clarita Valley South Bay San Gabriel Valley Wilshire Corridor San Fernando Valley
Space FillersThird quarter vacancy rates for office properties by market segment.22.1% 21.4 20.2 18.9 17.8 17.5 17 16.6 13.7Hollywood Santa Clarita Valley South Bay Wilshire Corridor Downtown Tri-Cities Westside San Fernando Valley San Gabriel ValleySource: Jones Lang LaSalle
Retail:
Source: Colliers International
Industrial Property:
Dollars and CentsThird quarter average asking rents by submarket for industrial property.$0.50 0.47 0.55 0.42 0.55Central L.A. Mid-Counties North Los Angeles San Gabriel Valley South Bay Warehouse WatchVacancy rates for industrial properties by market segment.4.6% 5.0 5.0 5.5 5.5Central L.A. Mid-Counties North Los Angeles San Gabriel Valley South BaySource: Jones Lang LaSalle
Regional Malls $4.15Lifestyle Centers 3.02Power Centers 2.87Neighborhood Ctrs. 2.33Single Tenant Bldgs. 2.05Strip Malls 1.60
Hollywood 22.1%Santa Clarita Valley 21.4South Bay 20.2Wilshire Corridor 18.9Downtown 17.8Tri-Cities 17.5
Strip Malls 9.3%Neighborhood Ctrs. 7.9Power Centers 7.5Lifestyle Centers 5Single Tenant Bldgs. 3.5Regional Malls 3.2
Industrial Property:
Dollars and CentsThird quarter average asking rents by submarket for industrial prop-erty.$0.50 0.47 0.55 0.42 0.55Central L.A. Mid-Counties North Los Angeles San Gabriel Valley South Bay Warehouse WatchVacancy rates for industrial proper-ties by market segment.4.6% 5.0 5.0 5.5 5.5Central L.A. Mid-Counties North Los Angeles San Gabriel Valley South BaySource: Jones Lang LaSalle
Central L.A. $0.50Mid-Cities 0.47North Los Angeles 0.55San Gabriel Valley 0.42South Bay 0.55
Central L.A. 4.6%Mid-Cities 5.0North Los Angeles 5.0San Gabriel Valley 5.5South Bay 5.5
Space FillersThird quarter vacancy rates for office properties by market segment.
Source : Jones Lang LaSalle
