El Segundo, CA Office Market Overview
Office space in El Segundo is consistently in high demand due to the city’s convenient location within the greater Los Angeles area. Tightly packed between Los Angeles International Airport (LAX), Manhattan Beach and the Pacific Ocean, El Segundo has grown from an oil town into a major aeronautical and industrial center that is now home to vast headquarter operations of several U.S. and international airlines and aerospace companies. Boeing, Raytheon, Lockheed Martin, Northrop Grumman, Wyle Laboratories and The Aerospace Corporation have long had a strong presence in the city.
Moreover, El Segundo recently undertook a new transformation through an investment program of more than $1 billion in additional planned developments that include new office spaces and campuses intentionally designed as smart, state-of-the-art and architectural works of art. Meanwhile, the traditionally tight office market here is making great strides toward opening up for more enterprises, inviting large-, medium-, and small-scale companies to set up shop and grow. In fact, El Segundo has previously earned an Eddy award for being the most business-friendly city in Los Angeles County.