One-fifth of Southern California Office Space is Vacant

Office buildings continue to lose tenants as the remote work trend persists.

1 minute read

January 22, 2024, 11:00 AM PST

By Diana Ionescu @aworkoffiction


Large empty office building floor with columns and golden hour light.

evening_tao / Adobe Stock

Southern California’s office vacancy rate reached 20 percent at the end of 2023, according to an article by Jonathan Lansner in the

Orange County Register. “Those vacancies would fill 58 US Bank Towers, the 72-story Downtown LA landmark with 1.4 million square feet of office space,” Lansner notes.

Los Angeles led the way with 51 million square feet of vacant office space, or 24 percent of the city’s stock. In Orange County, 18 million vacant square feet amount to 19.6 percent of the region’s offices.

See the source article for a more in-depth breakdown of vacancy rates in different areas and neighborhoods.

Thursday, January 18, 2024 in Orange County Register

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