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Office Space for Rent in Los Angeles, CA - 1,496 Listings

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Los Angeles, CA Office Overview

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The prosperous Los Angeles real estate scene includes the Downtown Los Angeles, Santa Monica, and Hollywood commercial real estate submarkets. With a metropolitan population of over 13 million residents and gross metropolitan product of $866 billion, the Los Angeles commercial real estate market is vigorously growing, driven by a diverse blend of business and industry.

As of mid-2017, the Greater Los Angeles commercial real estate market encompasses over 101 million square feet of existing office space in properties larger than 50,000 square feet. The office market in Los Angeles is thriving, thanks to the integrated transportation system of Southern California, which supports a myriad of businesses in the metro area.

Los Angeles, CA Office Inventory Description

While the beginning of Los Angeles can be dated back to the Spanish conquest in 1542, the office market in the metro area is anything but dated. Over 65% of L.A. office space is Class A product, while Class B office property accounts for just over 33% of Los Angeles'; office inventory.

Some of the best known office submarkets of LA include the entertainment and film production centers of Century City and Hollywood, the multi-cultural areas of Chinatown and Koreatown, and the ritzy areas of Wilshire and Santa Monica.

It's hard to know where to begin, when counting the trophy office properties in metropolitan Los Angeles. The Wilshire Beverly Center and the 9595 Wilshire office buildings in Beverly Hills certainly belong on the list, as does the Clock Tower office property in Santa Monica and the Fox Plaza on the Century City office scene of Los Angeles.

Los Angeles, CA Commercial Inventory Breakdown

Office Spaces

Total: 189,043,887 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 31,037,352 SF / 16.42% of total office
  • 100k to 500k SF: 107,946,748 SF / 57.1% of total office
  • 500k to 1M SF: 25,892,187 SF / 13.7% of total office
  • > 1M SF: 24,167,600 SF / 12.78% of total office

By class:

  • Class A+: 16,741,057 SF / 8.86% of total office
  • Class A: 97,259,205 SF / 51.45% of total office
  • Class B: 62,645,621 SF / 33.14% of total office
  • Class C: 1,437,780 SF / 0.76% of total office

Top 10 Largest Office Buildings

in Los Angeles

Office building Address Sqft Year built
Mail Order District - Sears Building 2650 East Olympic Blvd, 90023 1,840,000 n/a
Warner Center Business Park - Redevelopment 20950 Warner Center Lane, 91367 1,480,000 n/a
U.S. Bank Tower 633 West 5th Street, 90071 1,432,539 1990
2CAL 350 South Grand Avenue, 90071 1,420,000 1990
Bank of America Plaza 333 South Hope Street, 90071 1,405,428 1974
Wells Fargo Center North Tower 333 South Grand Avenue, 90071 1,400,639 1982
The Gas Company Tower 555 West 5th Street, 90013 1,345,163 1991
Wilshire Grand Center 900 Wilshire Blvd, 90017 1,325,100 2017
California Market Center 110 East 9th Street, 90079 1,296,360 2020
Century Plaza Tower North 2029 Century Park East, 90067 1,210,730 1973

Most Recently-Built Office Buildings

in Los Angeles

Office building Address Sqft Year built
Hercules Campus at Playa Vista - Spruce Goose Hangar 5865 South Campus Center Drive, 90094 524,759 2018
USC Sciences Campus - Norris Healthcare Center 1520 San Pablo Street, 90033 116,000 2018
5500 West Jefferson 5500 West Jefferson Blvd, 90016 75,000 2018
The Romaine 7007 Romaine Street, 90038 60,508 2018
Downtown West Medical Offices 1120 West Washington Blvd, 90015 60,000 2018
Pettebone Building 510 South Broadway, 90013 43,030 2018
Playa Court - Building A 11248 Playa Court, 90230 32,959 2018
Wilshire Grand Center 900 Wilshire Blvd, 90017 1,325,100 2017
The Mix at Harman Campus - 8500 Balboa Blvd 8500 Balboa Blvd, 91406 420,489 2017
ICON 5800 West Sunset Blvd, 90028 325,757 2017

Los Angeles, CA Green Office Space

Employment

While just under 4% of Los Angeles office buildings larger than 50,000 square feet are LEED certified, that percentage continues to grow. When looking at energy-efficient office buildings as a whole in metro L.A., nearly 11% are green-rated buildings and over 10% are Energy Star- certified.

As major investors begin to expect green certification for their office assets, the City of Los Angeles has demonstrated that it is ready to meet the expectations of the global investment community by requiring that all new buildings over 50,000 square feet meet LEED building standards.

The 2017 National Green Building Adoption Index looked at commercial office properties in 30 major U.S. markets and found that, including EPA Energy Star-labeled buildings, the percentage of green certification has increased from under 5% in 2005 to 38% as of mid-2017. The Los Angeles metropolitan area placed 13th in this prestigious annual survey.

Los Angeles, CA’s Top Office-Using Sectors

As the second most populous city in the U.S. and the cultural, financial and commercial center of Southern California, the international investment community expects stable and predictable long-term performance from the Los Angeles office scene, and this market more than meets those expectations.

A countless number of industries drive the LA office market, including entertainment, aerospace, technology, finance and telecommunications.

  • Entertainment – Companies such as Capitol Records, DreamWorks, and NBC Universal contribute to Los Angeles' high rate of office-working employment.
  • Aerospace – Boeing, Northrop Grumman, Aerojet Rocketdyne, and Honeywell Aerospace are all located in Los Angeles.
  • Technology – The demand for Class A office space in Los Angeles is driven in large part by the high-tech industry, including companies such as Simplicit Technologies and Clean Water Technology.
  • Finance – Banking and financial services businesses create large amounts of white-collar employment and demand for LA office space from companies such as Raymond James and Prudential.
  • Telecommunications – In addition to financial services, companies in the technology sector such as CBRE Group, AECOM Technology Corporation, and Chrome River Technologies also propel the demand for office space in Los Angeles.

Los Angeles Demographics

Population

  • Total Population3,900,794
  • Male Population(49.6 %) 1,933,424
  • Female Population(50.4 %) 1,967,370
  • Median Age34.90

Income/Financial

  • Average Household Income$79,303
  • Median Household Income$50,205
  • Median Income Under 25$26,253
  • Median Income 25-44$52,923
  • Median Income 45-64$56,513
  • Median Income Over 65$37,157

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