Inglewood, CA - Office Market Overview
The Inglewood real estate market includes the North Inglewood and South Inglewood commercial real estate submarkets, and is sandwiched between the South L.A. and West L.A. commercial real estate submarkets. With a population of just over 110,000 people, Inglewood is located in the southern part of the sprawling Los Angeles County region, which is home to over 13 million residents.
As of mid-2017, the Inglewood office market encompasses nearly 1.5 million square feet of existing office space in properties larger than 50,000 square feet. The commercial real estate market in Inglewood, CA, sees consistent demand due to its proximity to the Los Angeles International Airport and Downtown Los Angeles.
Inglewood, CA - Office Inventory Description
The new National Football League stadium under construction in Inglewood will be home to both the Los Angeles Rams and the Los Angeles Chargers football teams. The office inventory in Inglewood consists of a good mix of product to serve the needs of not just the sports industry, but a variety of other business and industry as well. With Class A office space in Inglewood amounting to a little over 85,000 square feet, the Class B office inventory in the city accounts for almost 1.4 million square feet of the Inglewood office inventory.
Some of the larger, portfolio-quality office buildings in the Inglewood area include the Freeman Medical Tower on North Prairie Avenue, the 9800 La Cienega office building, and the La Brea Plaza - South Tower at 101 North La Brea Avenue.
Inglewood, CA - Green Office Space
Green office space in the State of California is one of the fastest-growing segments of the commercial real estate market. According to the 2017 National Green Building Adoption Index, which surveyed the 30 major office markets in the U.S., the percentage of energy-efficient, green office buildings has increased from less than 5% in 2005 to about 38% today. This is a nearly seven-fold increase in only twelve years. California is home to six of the top 30 green office markets in the country.
While Inglewood is not large enough to be counted among top 30 green office markets, there is still a fair amount of green office space in Inglewood. One example of a LEED-certified building in Inglewood is the brand new LAX Eucalyptus distribution facility for Federal Express. Located just 2.5 miles from the Los Angeles International Airport, this property will bring over 143,000 square feet of LEED-certified space to the Inglewood commercial real estate market.
Inglewood, CA's Top Office-Using Sectors
The Inglewood office market sees consistent demand for space from top office-using sectors like the healthcare, government, and large corporate office users.
- Healthcare – White-collar office employment in Inglewood comes from organizations such as Kaiser Permanente and Centinela Hospital.
- Government – The commercial real estate market in Inglewood is driven in part by public-sector employers such as the City of Inglewood.
- Corporate Office – Large white-collar corporate office users in Inglewood include The Honest Company, K. Bell, Marvin Engineering Group, Hollywood Park, and the Forum/Madison Square Garden.
- Total Population111,006
- Male Population(47.5 %) 52,757
- Female Population(52.5 %) 58,249
- Median Age34.50
- Average Household Income$62,556
- Median Household Income$46,389
- Median Income Under 25$39,891
- Median Income 25-44$42,828
- Median Income 45-64$54,719
- Median Income Over 65$38,989
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