2020 Office Space Rent & Sales
- $50.65 2020 Avg. Asking Rent
- 6.91% 2020 Office Vacancy Rate
Culver City office price per square foot in 2020 was $50.65 on average. The local office market recorded an average vacancy rate of 6.91% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Culver City Class A Office Space$51.41
- Culver City Class B Office Space$46.41
- California Class A Office Space$55.92
- California Class B Office Space$35.12
- California Class C Office Space$23.50
Culver City, CA Office Asking Rents by Class
2020 Office Construction in Culver City, CA
- Culver City, CA Total SF completed in 2020
- Culver City, CA Total SF under construction in 2021 1,262,764
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Culver City office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space. Looking forward, development activity throughout 2021 is estimated to add 1,262,764 square feet of office space to the market, before year-end.
| Office building | Address | SF | Completed |
|---|---|---|---|
| The Culver Studios | 9336 West Washington Blvd, 90232 | 500,000 | 2022 |
| Synapse | 8888 Washington Blvd, 90232 | 66,875 | 2022 |
| The Entrada | 6181 West Centinela Avenue, 90230 | 325,000 | 2021 |
| Ivy Station - 8900 Venice Blvd | 8900 Venice Blvd, 90232 | 266,059 | 2021 |
| The Culver Steps | 9300 Culver Blvd, 90232 | 115,000 | 2019 |
| 9919 Jefferson | 9919 Jefferson Blvd, 90232 | 62,558 | 2019 |
| Playa Court - Building A | 11248 Playa Court, 90230 | 49,701 | 2018 |
| C3 at Culver Pointe | 5800 Bristol Pkwy, 90230 | 281,400 | 2017 |
| Hayden Tract - 8550 Higuera Street | 8550 Higuera Street, 90232 | 77,000 | 2014 |
| Hayden Tract - 8600 Hayden Place | 8600 Hayden Place, 90232 | 32,000 | 2014 |
Worth noting among recent office completions on the Culver City market is The Culver Studios, which is currently the largest new office development in the city, at 500,000 square feet.
See reports for nearby markets
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Culver City commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.