Real Estate Trends
Miracle Mile Office Net Absorption
In millions of square feet:
Eight-quarter average: 0.05 million square feet.
Miracle Mile Office Vacancy Rates
4th quarter 1999, with sublet: 12.1%
Without sublet: 10.3%
Note: Net absorption reflects the gain in rented space. Vacancy rate is the total vacant square footage divided by total rentable square footage in all existing buildings. Sublet space is space rented by primary tenants that is vacant and available for sublease.
Source: CoStar Group Inc.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
