Torrance, CA Office Overview
The Torrance real estate market includes the Harbor Gateway South, Hollywood Riviera, and West Torrance - Southwood space submarkets. Located in the South Bay region of Los Angeles County, Torrance is home to nearly 150,000 residents and is also part of the Greater Los Angeles metro area, which is home to over 13 million people.
As of mid-2017, the Torrance market encompasses over 8.3 million square feet of existing office space in properties larger than 50,000 square feet. The large number of high technology businesses within the city help to drive the demand for both office space and commercial real estate in Torrance, CA.
Torrance, CA Office Inventory Description
As far back as the early 1900s, Torrance was planned to be a mixed-use residential and industrial community. The plan succeeded so well that today Torrance contributes a significant share to the $682 billion in annual gross metropolitan product to the Los Angeles - Long Beach - Glendale area. Of the total Torrance office space in buildings larger than 50,000 square feet, over 1.6 million square feet is Class A or A+ space, with Class B inventory adding another 6.5 million square feet of space to the office market in Torrance, CA.
The Torrance Central Business District submarket is one of the many areas in the city that sees consistent demand for Class A office space. Located between Hawthorne Boulevard and Madrona Avenue, north of Sepulveda Boulevard, this area is home to portfolio buildings such as the Pacific Center, Mariner Court, and the Commonwealth Plaza building on West Carson Street.
Torrance, CA Commercial Inventory Breakdown
Office Spaces
Total: 9,183,751 SF
By square footage range:
- 50k to 100k SF: 3,063,895 SF / 33.36% of total office
- 100k to 500k SF: 4,496,618 SF / 48.96% of total office
- 500k to 1M SF: 1,623,238 SF / 17.68% of total office
By class:
- Class A: 1,741,148 SF / 18.96% of total office
- Class B: 7,348,491 SF / 80.02% of total office
- Class C: 94,112 SF / 1.02% of total office
Top 10 Largest Office Buildings
in Torrance
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| North American Honda Headquarters | 1919 Torrance Blvd, 90501 | 997,143 | 1983 |
| Toyota South Campus | 19801 South Western Avenue, 90501 | 626,095 | 2003 |
| 19001 South Western Avenue | 19001 South Western Avenue, 90501 | 325,408 | 1973 |
| 1625 Abalone Avenue | 1625 Abalone Avenue, 90501 | 251,753 | 1992 |
| Hamilton Place | 20101 Hamilton Avenue, 90502 | 239,849 | 1984 |
| Pacific Gateway | 19191 South Vermont Avenue, 90502 | 232,152 | 1982 |
| Del Amo Crossing - The Tower | 21515 Hawthorne Blvd, 90503 | 227,666 | 1967 |
| Gateway Towers West | 990 West 190th Street, 90502 | 221,758 | 1987 |
| Gateway Towers East | 970 West 190th Street, 90502 | 221,758 | 1984 |
| Madrona Business Campus | 20770 Madrona Avenue, 90503 | 211,000 | 1989 |
Most Recently-Built Office Buildings
in Torrance
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| LA Biomedical Research Institute | 1124 West Carson Street, 90502 | 77,800 | 2019 |
| Providence Breeze Ambulatory Care Center | 5215 Torrance Blvd, 90503 | 106,000 | 2018 |
| Torrance Memorial Specialty Center | 2841 Lomita Blvd, 90505 | 65,000 | 2012 |
| 5315 Torrance Blvd | 5315 Torrance Blvd, 90503 | 31,600 | 2011 |
| 2301-2305 West 190th Street | 2301 West 190th Street, 90504 | 39,000 | 2006 |
| Torrance Freeway Business Center | 2203 West 190th Street, 90504 | 88,000 | 2005 |
| Toyota South Campus | 19801 South Western Avenue, 90501 | 626,095 | 2003 |
| 1899 Western Way | 1899 Western Way, 90501 | 81,461 | 2003 |
| 2632 West 237th Street | 2632 West 237th Street, 90505 | 35,417 | 2001 |
| Maritz Building | 20285 South Western Avenue, 90501 | 79,500 | 2000 |
Torrance, CA Green Office Space
Energy-efficient, green office space in Torrance is increasingly in demand from both tenants and investors alike. Across the major markets in California and the U.S., the percentage of office buildings larger than 50,000 square feet that are classified as green buildings, LEED-certified, or EPA Energy Star-rated has increased over the past 12 years by 33%.
A great example of a LEED-certified office building in Torrance is the Toyota South Campus on South Western Avenue. Located in the Old Torrance commercial real estate submarket of the city, this 626,000-square-foot building was constructed in 2003 and holds a LEED Gold certification.
That's just one example. Looking at the Metro Los Angeles area as a whole, the region ranks 13th among the top 30 office markets in the U.S. for the percentage of green, LEED-certified, or Energy Star-rated office buildings. This is according to the 2017 National Green Building Adoption Index survey.
Torrance, CA's Top Office-Using Sectors
The Torrance office market is growing, thanks in large part to top office-using sectors like auto & aerospace, healthcare, light manufacturing, and large corporate office users.
- Auto & Aerospace – American Honda Motor Company, Inc., Honda R&D Americas, Honeywell Aerospace, and Robinson Helicopter Company are some of the largest creators of white-collar office employment in Torrance, CA;
- Healthcare – Institutions such as the Torrance Memorial Medical Center help create demand for white-collar office space in Torrance;
- Light Manufacturing – Alcoa Fastening Systems, Pelican Products, Verengo Solar, and Rapiscan Systems are a few of the companies in this top office-using sector of Torrance, California;
- Corporate Office – Large corporate office users such as Arconic, Conesys, Exxon Mobile, J-Tech, and Younger Optics help create demand for commercial real estate in Torrance, CA.
FREQUENTLY ASKED QUESTIONS
How much does office space cost in Torrance, CA?
The average office rental rate in Torrance, CA is $91.08 per square foot. Asking prices vary based on the property’s location, overall rating, amenities, proximity to restaurants, cafes and entertainment venues, as well as public transport, airports and highways.
What is the size of available office spaces in Torrance, CA?
The Torrance, CA office market can accommodate various businesses, sporting a range of office space availabilities. The average size of office space availabilities is 58,500 square feet. If you’re just starting out as a company or as an entrepreneur, the smallest available office space in Torrance, CA is 188 square feet, while the maximum rentable space on the market now is 116,811 square feet.
How do I get office space in Torrance, CA?
Start your search for office space in Torrance, CA by using our filters that allow you to find the best space for your business needs. Filter listings by location, property size, available space or lease rate. Property pages will offer details about an office building’s rating, year built, availabilities, price per square foot and more. After drawing up a shortlist, make sure you contact the listed broker(s) to schedule a viewing and begin the negotiation process for your lease contract.
How many office listings are available in Torrance, CA?
There are 113 office listings on the Torrance, CA market.
Torrance Demographics
Population
- Total Population146,392
- Male Population(48.8 %) 71,465
- Female Population(51.2 %) 74,927
- Median Age41.70
Income/Financial
- Average Household Income$113,096
- Median Household Income$90,309
- Median Income Under 25$41,930
- Median Income 25-44$99,621
- Median Income 45-64$108,783
- Median Income Over 65$57,831
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