The Los Angeles neighborhoods that surfed the pre-pandemic tech wave the hardest are now the ones feeling the comedown. Playa Vista, Culver City, and Miracle Mile, once scrambling to keep up with demand, are sitting on big blocks of space as companies shrink their footprints and fresh office projects keep opening their doors.
According to CoStar, a tech-sector pullback combined with an oversupply of space has driven unusually high vacancy in select pockets of the region. Playa Vista is a high-profile case: Meta is cutting part of its footprint at the Brickyard complex, a visible reminder of how quickly the market has turned.
Data: Availability Is Concentrated In A Few Markets
Market research suggests the pain is far from evenly spread. Across Los Angeles County, office availability averaged roughly 27.6% in late 2025, while submarkets such as Culver City and Miracle Mile were hovering near 37.8%, according to Commercial Observer, citing Savills data. That split helps explain how top-tier, well-amenitized properties can still notch rent gains even as nearby corridors struggle to fill floors.
New Supply And Sublease Inventory
A mid-2025 snapshot from Colliers showed vacancy in the mid-20% range across greater Los Angeles and roughly 2.3 million square feet of office space under construction, concentrated in West Los Angeles and Hollywood. That pipeline keeps pressure on landlords trying to backfill empty suites, Colliers reported. Elevated sublease inventory is another drag, giving tenants immediate, often discounted options even as overall demand creeps back.
Owners Rework Their Pitch
Landlords with newer buildings are retooling their pitch and looking beyond tech for their next wave of tenants. Tishman Speyer's Brickyard, a roughly 420,000-square-foot, two-building complex in Playa Vista, has been aggressively marketed as Meta trims its presence, according to Tishman Speyer. Leasing materials and broker chatter now spotlight rooftop terraces, on-site retail, and flexible floor plates while courting law firms, insurance companies, and creative agencies.
Local brokers say any recovery will be selective, hinging on building quality, transit access, and the right tenant mix. Colliers' research indicates some owners are also running the numbers on conversions, pursuing adaptive reuse where it pencils out. For tenants, the current glut of space is a bargaining chip. For landlords, the race to reposition and, in some cases, repurpose their properties looks like the next chapter in Los Angeles' slow, uneven office comeback.
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