El Segundo Office Market Trends

Office Rental Market

  • $47.06 2019 Avg. Asking Rent
  • 10.73 % 2019 Avg. Vacancy Rate
  • 195,270 2019 Office Completions (Sqft)
  • 640,000 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in El Segundo was $47.06 per square foot, and the office vacancy rate across the market averaged 10.73 %. During 2019, developers added 195,270 square feet of new office space to the El Segundo market inventory. Office developments estimated for delivery during 2020 total 640,000 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • El Segundo Class A Office Buildings$47.97
  • El Segundo Class B Office Buildings$46.52
  • CA Class A Office Buildings$51.59
  • CA Class B Office Buildings$34.34
  • CA Class C Office Buildings$22.62

El Segundo, CA Office Asking Rents by Class

OFFICE CONSTRUCTION IN El Segundo, CA

  • El Segundo, CA Total Sqft completed in 2019 195,270
  • El Segundo, CA Total Sqft under construction in 2020 640,000
10 Largest Office Buildings in El Segundo
Building name Address Total Sqft Year built
333 Continental Blvd 333 Continental Blvd, 90245 735,432 1987
Kilroy Airport Center - El Segundo 2250 East Imperial Hwy, 90245 720,326 1982
Flyte 2200 East Imperial Hwy, 90245 582,579 1976
Pacific Corporate Towers - 222 Pacific Coast Hwy 222 Pacific Coast Hwy, 90245 572,398 1983
Pacific Corporate Towers - 200 Pacific Coast Hwy 200 Pacific Coast Hwy, 90245 500,357 1981
Pacific Corporate Towers - 100 Pacific Coast Hwy 100 Pacific Coast Hwy, 90245 500,357 1981
The Plaza at Continental Park 2101 Rosecrans Avenue, 90245 460,000 1983
888 Douglas 888 North Douglas Street, 90245 388,989 2021
Aerospace Headquarters North 2310 East El Segundo Blvd, 90245 378,151 1963
101 Continental Tower 101 Continental Blvd, 90245 333,017 1972
Largest Office Properties Recently Completed in El Segundo
Office building Address Sqft Completed
888 Douglas 888 North Douglas Street, 90245 388,989 2021
Alta Oficina 2155 Campus Drive, 90245 150,000 2019
1925 East Maple Avenue 1925 East Maple Avenue, 90245 45,270 2019
Utah Avenue Campus - Ascend 2330 Utah Avenue, 90245 87,126 2018
Insite 2030 East Maple Street, 90245 101,874 2017
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
Utah Avenue Campus - 2383 & 2355 Utah Avenue 2383 Utah Avenue, 90245 195,680 2014
Data provided by Commercial Edge

Office Spaces for Rent in California

EL SEGUNDO OFFICE SALES TRENDS

  • $468.152019 Avg. Price per Sqft
  • 55.17 %Y-o-Y Avg. PpSF Change
  • $677.2M2019 Office Sales Volume
  • 92019 Number of Transactions

In 2019, office sales in El Segundo averaged $468.15 per square foot. This marked a 55.17 % increase in office price per square foot, compared to the previous year. A total of 9 office sales closed on the El Segundo office market in 2019, amounting to a total sales volume of $677.2M.

Average Office Sale Price per Sqft

El Segundo, CA Sales Trends

  • El Segundo Price per Sqft$468.15
  • California Price per Sqft$437.86

Office Sales - Trend and Volume

  • El Segundo, CA Total Office Sales Volume in 2019 $677.2M
  • El Segundo, CA Total Number of Office Sales Closed in 2019 9

Largest El Segundo Office Sales in 2019

Property name Address Date Price
777 Aviation 777 South Aviation Blvd 6/21/2019 $170,000,000
101 Continental Tower 101 Continental Blvd 5/2/2019 $138,500,000
101 PCH 101 North Pacific Coast Hwy 11/18/2019 $95,370,000
2031 East Mariposa Avenue 2031 East Mariposa Avenue 9/9/2019 $84,000,000
2160 Grand 2160 East Grand Avenue 11/25/2019 $63,500,000
Data provided by Commercial Edge

See trends for nearby markets

The El Segundo office market contains an inventory of 14,054,070 square feet of office space, in 135 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive 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.