2022 Q2 has seen a slowdown in technology company leasing activity as many companies review hiring freezes and layoffs. Meanwhile financial service firms, retailers and medical users have taken this opportunity to secure high quality space. Retailers like Amazon and Forever 21 led the greater Los Angeles market by taking down a combined 370,000 SF other notable moves include financial firms like TCW and First Republic Bank taking a combined 290,000 SF. The Los Angeles office market remained relatively flat compared to the previous quarter with a slight decrease in average rents.