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Commercial Real Estate in Hawthorne, CA - 247 Properties Available

Hawthorne, CA - Commercial Properties

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Hawthorne, CA Economic Overview

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Hawthorne is part of the Los Angeles County area and is only 12 miles southwest of Downtown Los Angeles. Home to over 89,000 residents, this small 6-square- mile city offers quick and easy access to all of Southern California. Neighboring cities include Inglewood, Gardena, Lawndale, Redondo Beach, Manhattan Beach, and the Westchester neighborhood of Los Angeles. The commercial real estate market in Hawthorne is driven in large part by its ideal location relative to the Los Angeles International Airport and its access to the integrated transportation systems of the Los Angeles metropolitan area.

The City of Hawthorne could easily be termed the “Hub of South Bay,” by virtue of its location within Los Angeles County and its superior access to the area's transportation network. The city is very pro-business and strives to create a world-class environment, while doing everything possible to develop an economy that supports both residents and businesses.

As part of Los Angeles County, Hawthorne benefits from the huge consumer market of roughly 10 million people, as well as the fact that the County conducts more than $400 billion in annual two-way trade, and the city has easy access to the Ports of Long Beach and Los Angeles. With a median household income of just over $47,000, the economy in Hawthorne continues to grow. Over the past few years, the population in Hawthorne has increased by nearly 5% while the number of employees in Hawthorne has grown by over 2.5%.

Hawthorne, CA Commercial Real Estate Market

A strong mix of business and industry combined with the city's ideal location in Los Angeles County all contribute to the growth of the Hawthorne office market.

Surrounded by three freeways and three Metro Green Line stations, Hawthorne offers quick and easy access to all parts of Southern California, and to the entire Los Angeles Basin.

The commercial real estate market in Hawthorne is considered prime Los Angeles real estate and opportunities here grow each and every day. Companies headquartered in Hawthorne exemplify the diversity of the commercial real estate market: Century Media Records, Hawthorne Plaza, OSI Systems, SpaceX, and Tesla Motors are all located in Hawthorne.

To meet the demand of its residents and employers Hawthorne has hundreds of single family homes under construction in various residential development projects, and also has three mixed-used projects in development, of over 200,000 square feet each.

The Hawthorne industrial scene is part of the Mid-Counties industrial submarket of Los Angeles, home to nearly 104 million square feet of industrial inventory at a vacancy rate of less than 1%. In the office category, the Greater Los Angeles Basin has nearly 305 million square feet of inventory with a total vacancy rate of less than 14%, while retail inventory boasts an overall vacancy rate of less than 6%, with over 474 million square feet of inventory in the market.

Hawthorne, CA Office Sales Volume

Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.

Hawthorne, CA Office Transactions

Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.

Hawthorne, CA Commercial Inventory Breakdown

Office Spaces

Total: 1,088,982 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 495,917 SF / 45.54% of total office
  • 100k to 500k SF: 593,065 SF / 54.46% of total office

By class:

  • Class A: 103,252 SF / 9.48% of total office
  • Class B: 985,730 SF / 90.52% of total office

Industrial

Total: 4,098,602 SF

Data provided by Yardi Matrix, properties over 50k SF

By square footage range:

  • 50k to 100k SF: 375,284 SF / 9.16% of total industrial
  • 100k to 500k SF: 1,789,537 SF / 43.66% of total industrial
  • 500k to 1M SF: 533,781 SF / 13.02% of total industrial
  • > 1M SF: 1,400,000 SF / 34.16% of total industrial

By class:

  • Class A: 1,114,331 SF / 27.19% of total industrial
  • Class B: 2,984,271 SF / 72.81% of total industrial

Employment in Hawthorne, CA

Employment

Job growth in Hawthorne has increased by over 2.5% in the past year, with an unemployment rate of just 4.6% and below the average for the entire U.S. Over 57% of the labor force works in the areas of food service, cleaning & maintenance, administration, sales, transportation, production, and material moving.

Notable employers in Hawthorne include Century Media Records, the Hawthorne Plaza shopping center, electronics manufacturer OSI Systems, SpaceX, Tesla Motors, and the Northrop Corporation.

Education in Hawthorne, CA

Public primary and secondary schools in Hawthorne are operated by various districts, including the Los Angeles Unified School District, the Lennox School District, Lawndale Elementary School District, and the Centinela Valley Union High School District. Private schools in Hawthorne include Saint Joseph's Parish School and Trinity Lutheran School, along with the charter high school of Hawthorne Math and Science Academy.

Colleges and universities in Hawthorne include the Los Angeles Southwest College and El Camino College. Other post-secondary schools near Hawthorne include The University of Southern California, University of West Los Angeles, Antioch University, Loyola Marymount University, and the University of West Los Angeles.

Commuting Time in Hawthorne, CA

The commuting time in Hawthorne is just over 27 minutes, about 10% higher than the national average. Nearly 3% of the workforce has a super commute of 90 minutes or more, and nearly 11% of commuters choose to carpool, while nearly 8% use some form of mass public transport.

Considered the transportation hub of the South Bay, commuters in Hawthorne have access to the integrated transportation systems of Los Angeles County, which are a boon to both residents and business.

  • The I-405 San Diego Freeway, the I-110 Harbor Freeway, and the I-105 Glenn M. Anderson Freeway are all accessible via Hawthorne.
  • Three Metro Green Line Stations are located in the city.
  • Hawthorne has direct freight rail access to the Port of Los Angeles.
  • Los Angeles International Airport, Bob Hope Airport, and Ontario International Airport all provide air travel from Hawthorne.

Hawthorne Demographics

Population

  • Total Population86,564
  • Male Population(48.9 %) 42,356
  • Female Population(51.1 %) 44,208
  • Median Age32.10

Income/Financial

  • Average Household Income$58,581
  • Median Household Income$44,504
  • Median Income Under 25$29,375
  • Median Income 25-44$42,039
  • Median Income 45-64$52,072
  • Median Income Over 65$40,952

News

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