Leasing activity reaches post-pandemic high, though recovery remains uneven

Leasing activity across Los Angeles gained traction in Q4 2025, pushing full-year volume to 14.3 million square feet (msf), the highest level recorded since the pandemic and up 0.6 msf from 2024. While activity remains well below the 17.9 msf annual total reached in 2019, the trajectory continues to trend upward. The quarter’s largest transaction was Farmers Insurance’s 251,774-square-foot (sf) headquarters renewal at 6301 Owensmouth Avenue, a notable recommitment after the full building had previously been marketed for sublease. The tenant will vacate its former space at 6303 Owensmouth Avenue.

Read the full report