Here are Los Angeles County's largest office leases of 2025

"Century City, Los Angeles' healthiest office market, with a vacancy rate of 12 percent, only landed one of the year's largest office leases in Los Angeles County, according to The Real Deal's analysis of publicly available data through late-September, via Cushman & Wakefield, Colliers, Savills and prior reporting. Landlords Lincoln Property Company, Commonwealth Partners and DivcoWest and their tenants Kaiser Permanente, Oaktree Capital Management and United Talent Agency, respectively topped TRD's list."

"But there's still time for a record breaker. Kaiser Permanente inked a 280,000-square-foot renewal at Lincoln Property Company's 10 West campus at 74 North Pasadena Avenue in Pasadena, which has an alternate address at 10 West Walnut Street. Lincoln Property Company's 10 West project, completed in 2021, was Pasadena's first office development in more than three decades and is on the former headquarters of Parsons Corporation. The Pasadena office market has a 23.4 percent vacancy rate, according to a CBRE report."

"Oaktree Capital Management relocated to CommonWealth Partners' 555 South Flower Street and signed a 220,000 square-foot lease. That dealt a blow to its former Downtown Los Angeles headquarters, Wells Fargo Center's North Tower, and to Oaktree's landlord-turned-owner, Brookfield. The Downtown Los Angeles office sector, a poster child for post-pandemic distress, has a 33.3 percent vacancy rate. United Talent Agency renewed its lease for its 192,000-square-foot headquarters in Beverly Hills."

Employers are signing major office leases and calling workers back to physical offices across Los Angeles, reversing some market distress. Century City has the lowest vacancy at 12 percent but recorded only one of the year's largest leases. Top landlord-tenant pairings include Lincoln Property Company with Kaiser Permanente, Commonwealth Partners with Oaktree Capital Management, and DivcoWest with United Talent Agency. Kaiser Permanente renewed 280,000 square feet at Lincoln's 10 West campus in Pasadena, completed in 2021; Pasadena's vacancy is 23.4 percent. Oaktree signed 220,000 square feet at 555 South Flower, impacting Wells Fargo Center and Downtown vacancy of 33.3 percent. United Talent Agency renewed 192,000 square feet in Beverly Hills, where vacancy is 23.2 percent.

Read at therealdeal.com