2020 Office Space Rent & Sales
- $46.40 2020 Avg. Asking Rent
- -1.40% Y-o-Y Avg. Asking Rent Change
- 14.42% 2020 Office Vacancy Rate
El Segundo office price per square foot in 2020 was $46.40 on average. This marked a -1.40% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 14.42% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- El Segundo Class A Office Space$46.90
- El Segundo Class B Office Space$46.27
- El Segundo Class C Office Space$42.24
- California Class A Office Space$55.92
- California Class B Office Space$35.12
- California Class C Office Space$23.50
El Segundo, CA Office Asking Rents by Class
Average office rent in El Segundo rested at $46.40 per square foot in 2020. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in El Segundo averaged $46.90 per square foot. Across all submarkets, class B office space recorded an average asking rent of $46.27 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $42.24 per square foot, on average. Comparably, statewide California average office rents by class in 2020 were: $55.92 per square foot for class A office space; $35.12 per square foot for class B office space; $23.50 per square foot for class C office space.
2020 Office Construction in El Segundo, CA
- El Segundo, CA Total SF completed in 2020
- El Segundo, CA Total SF under construction in 2021 433,489
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the El Segundo 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 433,489 square feet of office space to the market, before year-end.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 888 Douglas | 888 North Douglas Street, 90245 | 550,000 | 2022 |
| The Standard Works Campus - 140 Oregon Street | 140 Oregon Street, 90245 | 100,000 | 2022 |
| Nash Street Exchange - 2110 East El Segundo Blvd | 2110 East El Segundo Blvd, 90245 | 42,000 | 2022 |
| Alta Oficina | 2155 Campus Drive, 90245 | 150,000 | 2019 |
| 1925 East Maple Avenue | 1925 East Maple Avenue, 90245 | 45,270 | 2019 |
| Utah Avenue Campus - 2330 Utah Avenue | 2330 Utah Avenue, 90245 | 87,126 | 2018 |
| 400 Duley Road | 400 Duley Road, 90245 | 73,666 | 2016 |
| Elevon at Campus El Segundo | 709 North Douglas Street, 90245 | 223,500 | 2015 |
| Apollo at Rosecrans - 2175 Park Place | 2175 Park Place, 90245 | 130,000 | 2015 |
| Apollo at Rosecrans - 2121 Park Place | 2121 Park Place, 90245 | 113,134 | 2015 |
Worth noting among recent office completions on the El Segundo market is 888 Douglas, which is currently the largest new office development in the city, at 550,000 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 El Segundo 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.