El Segundo, CA Office Overview
El Segundo is a small town with a long history and a big economy. Located roughly 20 miles north-west of Los Angeles, on the shore of the Pacific, El Segundo is home to nearly 17,000 residents, and sports its own tract of beach and sweeping ocean views. The city has been recognized as the most-business friendly in Los Angeles county, and is home to numerous large enterprises in aviation- and petroleum-related industries, as well as finance, manufacturing, information technology, game design, and even food innovation.
Neighboring cities include Redondo Beach, Hawthorne, Inglewood, and Westchester – home of the Los Angeles International Airport. With excellent access to the shoreline, as well as Interstates 105 and 405, El Segundo has a lot to offer in terms of business environment and office space options.
El Segundo, CA Office Inventory Description
As of mid-2017, the El Segundo office market encompassed nearly 12 million square feet of office space in properties larger than 50,000 square feet. Although the city spreads over fewer than six square miles, demand on the local office market is robust.
El Segundo has transformed from the site of Standard Oil’s (now Chevron) second oil refinery opened in the early 1900s, to what is now primarily a white-collar city. Proximity of the Los Angeles International airport – second-busiest airport in the U.S. – makes El Segundo a prime location for aerospace and large corporate office headquarters, while still retaining its industrial roots.
Nearly 53% of the local office inventory is Class A, and Class B product accounts for more than 5 million square feet of office space in El Segundo. A great majority of the buildings are located west of the I-405, between Aviation Boulevard and the Pacific Coast Highway. Notable properties include the Continental Park campus along Rosencrans Avenue, the Raytheon campus and expansion, and the Mattel complex.
El Segundo, CA Commercial Inventory Breakdown
Office Spaces
Total: 16,573,969 SF
By square footage range:
- 50k to 100k SF: 1,276,365 SF / 7.7% of total office
- 100k to 500k SF: 11,136,155 SF / 67.19% of total office
- 500k to 1M SF: 4,161,449 SF / 25.11% of total office
By class:
- Class A: 7,990,428 SF / 48.21% of total office
- Class B: 5,777,089 SF / 34.86% of total office
- Class C: 290,806 SF / 1.75% of total office
Top 10 Largest Office Buildings
in El Segundo
| Office building | Address | 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 |
| 888 Douglas | 888 North Douglas Street, 90245 | 550,000 | 2020 |
| 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 |
| Raytheon South Campus Expansion - Parcel 2 | SEC East El Segundo Blvd & Pacific Coast Hwy, 90245 | 425,644 | n/a |
| Aerospace Headquarters North | 2310 East El Segundo Blvd, 90245 | 378,151 | 1963 |
Most Recently-Built Office Buildings
in El Segundo
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| 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 |
| Griffin Capital Plaza | 1520 East Grand Avenue, 90245 | 30,000 | 2014 |
| 1776 East Grand Avenue | 1776 East Grand Avenue, 90245 | 33,000 | 2009 |
El Segundo, CA Green Office Space
It’s easy to assume that green office space is hard to come by in El Secundo, as it is located between one of the largest airports in the world and an oil refinery, but nothing could be further from the truth. In fact, more than 2 million square feet of El Segundo office space are certified green, either through an EPA Energy Star rating, a LEED certification, or otherwise.
One example of green building practices being successfully adopted locally is the Campus 2100 - 2100 East Grand Avenue. Completed in 1978, this property encompasses more than 100,000 square feet of Class A LEED Silver-certified office space.
California is home to six of the top 30 green office markets in the U.S. The 2017 National Green Building Adoption Index surveyed the top markets to gauge the increase in adoption of green building practices across the country. The report discovered that, since 2005, the percentage of green office space has increased from below 5% to nearly 40%.
El Segundo, CA's Top Office-Using Sectors
The El Segundo office market sees consistent demand year after year. Top office-using sectors include the aerospace, energy, and film production industries.
- Aerospace – Boeing, Raytheon, Lockheed Martin, and Northrup Grumman consistently rank among the city’s largest white-collar employers;
- Energy – Chevron and NRG are two of the big names that call El Segundo home and consistently drive the demand for top-of-the-line real estate;
- Film Production – Rhythm & Hues Studios and Lightstorm Entertainment are among the largest employers in town;
- Corporate Office – white-collar employment is also driven by numerous corporate headquarters located here, including Mattel, DaVita, Computer Sciences Corporation, and International Rectifier.
El Segundo Demographics
Population
- Total Population16,929
- Male Population(49.1 %) 8,313
- Female Population(50.9 %) 8,616
- Median Age38.70
Income/Financial
- Average Household Income$120,471
- Median Household Income$92,942
- Median Income Under 25$52,169
- Median Income 25-44$118,170
- Median Income 45-64$94,175
- Median Income Over 65$70,028
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