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Office Space for Rent in Los Angeles, CA - 1,490 Listings

Los Angeles, CA - Office Space for Lease

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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: 188,721,387 SF

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

By square footage range:

  • 50k to 100k SF: 30,983,608 SF / 16.42% of total office
  • 100k to 500k SF: 108,207,992 SF / 57.34% of total office
  • 500k to 1M SF: 25,362,187 SF / 13.44% of total office
  • > 1M SF: 24,167,600 SF / 12.81% of total office

By class:

  • Class A+: 14,281,608 SF / 7.57% of total office
  • Class A: 98,757,228 SF / 52.33% of total office
  • Class B: 62,592,547 SF / 33.17% 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
CityNational@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
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
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 Vine Street 1601 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

News

Buying or leasing a property is a daunting task and finding the right fit requires a lot of time and research. Real estate agents know that visiting a house or an office, seeing it up close and getting a feel of the place goes a long way towards helping clients make up their mind. But …

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Executive summary: Los Angeles Office Sales Hover Around the $1.2B Mark Average Price per Square Foot Rests at $311, After 60% Growth Compared to Q2 Los Angeles Market Set to Deliver 18 Office Projects in Q4, Totaling 1.89MSF The 31 transactions closed in Q3 across the Los Angeles and Orange Cou...