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Los Angeles, CA Office Buildings and Office Spaces

3,299 Office Buildings & Office Spaces in Los Angeles, CA

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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: 187,602,210 SF

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

By square footage range:

  • 50k to 100k SF: 28,888,251 SF / 15.4% of total office
  • 100k to 500k SF: 110,545,662 SF / 58.93% of total office
  • 500k to 1M SF: 25,203,155 SF / 13.43% of total office
  • > 1M SF: 22,965,142 SF / 12.24% of total office

By class:

  • Class A+: 14,347,559 SF / 7.65% of total office
  • Class A: 94,352,412 SF / 50.29% of total office
  • Class B: 60,826,139 SF / 32.42% of total office
  • Class C: 2,064,270 SF / 1.1% of total office

Top 10 Largest Office Buildings

in Los Angeles

Office building Address Sqft Year built
Sears Historic Mail Order Building - Redevelopment 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
Bank of America Plaza 333 South Hope Street, 90071 1,432,285 1974
2 Cal 350 South Grand Avenue, 90071 1,420,000 1990
Wells Fargo Center North Tower 333 South Grand Avenue, 90071 1,400,639 1981
The Gas Company Tower 555 West 5th Street, 90013 1,345,163 1991
Wilshire Grand Center 900 Wilshire Blvd, 90017 1,325,100 2017
Century Plaza Tower South 2049 Century Park East, 90067 1,259,862 1973
Century Plaza Tower North 2029 Century Park East, 90067 1,228,643 1973

Most Recently-Built Office Buildings

in Los Angeles

Office building Address Sqft Year built
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 at Sunset Bronson Studios 5800 West Sunset Blvd, 90028 325,757 2017
C3 at Culver Pointe 5800 Bristol Pkwy, 90230 281,400 2017
At Mateo 555 South Mateo Street, 90013 230,000 2017
Santa Monica Gateway 2834 Colorado Avenue, 90404 205,215 2017
Pen Factory - West Building 2701 Olympic Blvd, 90404 132,200 2017
Fourth & Traction 963 East 4th Street, 90013 130,000 2017
1601 North Vine 1601 North Vine Street, 90028 115,591 2017
Formosa West at The Lot 1041 North Formosa Avenue, 90046 108,000 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