LA County CRE Sales Jump 28% in July on Multifamily

In July, commercial real estate sales in Los Angeles County surged by 28.5% in dollar volume to $2.1 billion, according to NAI Capital's report based on CoStar data. Multifamily properties led the surge, accounting for $1.22 billion or 58% of the total sales. This growth represented a 55% increase from the previous year and a 166% increase compared to July 2024.

The average price for multifamily properties rose by 28.7% to $376 per square foot. Retail properties also saw gains, with 1.23 million square feet sold for $402 million, marking a 40% increase from the prior year and nearly doubling the July 2024 total. However, industrial and office properties experienced different trends. Industrial properties traded about 1.33 million square feet, nearly 71% higher than in July 2025, but dollar volume remained relatively stable at $214 million, with average pricing falling 3.6% to $273 per square foot.

Office properties saw a decline in both sales volume and square footage, with 1.26 million square feet sold for $262 million, down 9.7% and 23.4% respectively from July 2025. Office pricing dropped 23.5% to $250 per square foot, and the space traded has fallen by about half since July 2024. The data suggests that multifamily is the dominant force in LA County's commercial real estate market, attracting capital and driving prices upward, while office properties continue to struggle.