2020 Office Space Rent & Sales
- $56.29 2020 Avg. Asking Rent
- 2.20% Y-o-Y Avg. Asking Rent Change
- 7.64% 2020 Office Vacancy Rate
West Hollywood office price per square foot in 2020 was $56.29 on average. This marked a +2.20% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 7.64% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- West Hollywood Class A Office Space$55.82
- West Hollywood Class B Office Space$72.67
- California Class A Office Space$55.92
- California Class B Office Space$35.12
- California Class C Office Space$23.50
West Hollywood, CA Office Asking Rents by Class
2020 Office Construction in West Hollywood, CA
- West Hollywood, CA Total SF completed in 2020
- West Hollywood, CA Total SF under construction in 2021 97,742
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the West Hollywood 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 97,742 square feet of office space to the market, before year-end.
|Courtyard at The Lot||1041 North Formosa Avenue, 90046||97,742||2020|
|Formosa West at The Lot||1041 North Formosa Avenue, 90046||108,000||2017|
|Formosa South at The Lot||1041 North Formosa Avenue, 90046||98,000||2014|
|Pacific Design Center - Red Building||750 North San Vicente Blvd, 90069||400,000||2012|
|Pacific Design Center - Green Building||8687 Melrose Avenue, 90069||450,000||1988|
|Directors Guild of America||7920 West Sunset Blvd, 90046||163,463||1988|
|IAC Building||8800 Sunset Blvd, 90069||70,877||1986|
|8737 Beverly Blvd||8737 Beverly Blvd, 90048||28,080||1980|
|Pacific Design Center - Blue Building||8687 Melrose Avenue, 90069||750,000||1975|
|Cedars-Sinai Medical Center - Outpatient Services Building||310 North San Vicente Blvd, 90048||39,609||1968|
Worth noting among recent office completions on the West Hollywood market is Courtyard at The Lot, which is currently the largest new office development in the city, at 97,742 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 West Hollywood 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.