L.A. office rents are a bargain

offices.jpgAt least when compared with, say, London's West End where office space last year went for $183 a square foot. That makes it the world's most expensive office market, according to an annual survey by CB Richard Ellis. In second place was Hong Kong's central business district, at $153. Midtown Manhattan was in 26th place at $64.51. Doesn't look like L.A. made the list, but county office rents averaged $31.20 in the first quarter. Sought-after addresses run in the mid-$50s (LAT)

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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