L.A. Close-Up
Sep 1, 2008 12:00 PM, By Patricia Kirk
DEMOGRAPHICS
City population: 4 million
County population: 10.3 million
Median Household Income
City: $44,445
County: $51,315
Unemployment Rate
California: 7.6%
Los Angeles County: 8.1%
Los Angeles region retail vacancy: 10.1%
Average rent: $30.42 per sq. ft. — asking, $27.73 — effective
Downtown Los Angeles
Average Asking Rent: $35.52 per sq. ft.
Vacancy rate: 4.7%
Under construction: 600,000 sq. ft.
Hollywood Boulevard rents: $72 to $96 per sq. ft.
Sources: Marcus & Millichap; U.S. Census; City of Los Angeles; U.S. Labor Department, Cushman & Wakefield
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