Office Space Rents in Los Angeles, CA
Asking prices for office space in Los Angeles vary and are generally influenced by such factors as the property location, the building quality rating, and the proximity to amenities like restaurants, cafes, and entertainment venues, as well as how convenient access is to and from public transport, airports, and thoroughfares.
Most commonly, the cost in any location will first be influenced by the property class rating, which can be A, B, or C.
For example, Los Angeles space rated Class A averages $37.04 per square foot.
Meanwhile, Class B space in Los Angeles asks $31.81 per square foot, on average.
At the same time, listings in Class C buildings are listed for an average of $34.63 per square foot.
Overall, the average rent for office space in Los Angeles is $34.11 per square foot.
The maximum rental rate among listings for lease in Los Angeles is $300 per square foot.
Meanwhile, the minimum rental rate in Los Angeles is $15 per square foot.
Top Locations to Rent Office Space in Los Angeles, CA
There is no one-size-fits-all answer as to what the best office space for rent location is in Los Angeles. The best neighborhood or submarket match for you will depend on what are the most relevant factors to your business and your employees. You will most likely need to consider what works best for the type of business you need space for, the size of your company, the employee demographics, and of course the company budget.
However, a good starting point for finding your best options is to look at the areas where there is a high concentration of office property listings. These areas are typically well-connected to a range of access routes and are also home to a variety of amenities that serve the convenience of both workers and visitors.
In Los Angeles, the greatest concentration of office for rent opportunities is in Central San Fernando Valley.
For your consideration, the average rent for office space in Central San Fernando Valley is $45.2 per square foot, but you should expect some price variation across the market, depending on factors like location and property class.
Submarket
No. of Listings
Avg. Asking Rent
Class A&A+ Rent
Class B Rent
Class C Rent
Vacancy Rate
Central San Fernando Valley
162
$45.2
$50.06
$35.38
13.58%
Culver City
103
$41.77
$44.1
$39.45
24.89%
West Los Angeles
96
$59.57
$60.6
$54.41
21.80%
Beverly Hills
93
$71.7
$72.64
$67.4
13.51%
East Los Angeles
89
$51.06
$67.82
$47.58
$20.23
28.07%
Key Factors to Consider when Choosing an Office Space for Rent in Los Angeles, CA
The quality of an office property can be judged based on subjective factors such as the prospective tenant’s preferred architecture style, the overall design of the surrounding area, as well as the amount and/or diversity of amenities available within a convenient distance.
Some quality factors, however, are considered to be mostly objective, and have been somewhat standardized as top things to consider when looking for a specific quality of space for your business. These include construction grade and building quality ratings, sustainability certifications, the total age or the property, as well as any renovation work that was done.
A local breakdown by property class shows that about 51.02% office space listings in Los Angeles are in properties rated class A.
An additional 7.87% represents trophy class or class A+ space.
Class B space makes up 39.16% space available in Los Angeles.
Class C space listed for rent locally accounts for 1.96% opportunities on the local leasing market.
If considering quality space by property age, the Los Angeles market is also a mixed bag in this respect. About 86.31% of local office properties were completed before the year 2000.
Office space delivered in and since the year 2000 makes up 13.69% of the local market and adds up to a total of 9,319,270 square feet.
However, a certain age of completion of the original structure does not necessarily mean that a property is too old. Older properties are often considered to have excellent bones and are good subjects for adaptive reuse redevelopment or extensive renovation to modernize the interior space. With that in mind, you should consider that roughly 4.35% of all office properties here are buildings that have been renovated at least once since 2000.
Los Angeles, CA Office Space for Lease by Building Class
- Class A+
- Class A
- Class B
- Class C
Modern quality standards also take into account the property’s sustainability minded design, which is largely standardized by certification processes such as the LEED program. In Los Angeles, you can find 329 listings for rent that are in LEED-certified or LEED-proposed properties.
The local market is home to 48 LEED-certified office building(s). Certification can range from basic LEED requirements to Platinum, which is the highest achievable level of certification awarded by the U.S. Green Building Council.
Currently, Los Angeles has 3 LEED-proposed office building(s) awaiting certification.
Finding Office Space for Rent in Los Angeles, CA Near You
If you have a certain point of interest in mind for renting an office in Los Angeles, it’s easy to navigate local leasing opportunities around it. Using our interactive search map, you can zoom in to your preferred location and then customize your search area around that specific point of interest by selecting “Radius” from the Search Mode options menu. Establish the center of your desired search area with one click on the map, and then expand the radius as much as you need to. Browse the resulting list of available office spaces for rent to find the best match for your location and other business needs.
Data was provided by Yardi Research Data and refers to office properties at least 25,000 square feet in size. Prices shown reflect the average rate per square foot.
3025 Olympic Blvd, Mid-City Santa Monica, Santa Monica, CASpace Type
8817 Reseda Blvd, Northridge, CASpace Type
8215 Van Nuys Blvd, Panorama City, CASpace Type
2021 Santa Monica Blvd, Mid-City Santa Monica, Santa Monica, CA
1888 Century Park East, Century City, Los Angeles, CA
3000 West Alameda Avenue, Burbank, CA
4509 Glencoe Ave. , Del Rey, Marina Del Rey, CASpace Type
10115 Jefferson Boulevard, Jefferson, Culver City, CA
11845 W Olympic Blvd, Suite 1100W, Los Angeles, CASpace Type
1339 Wilcox Ave, Hollywood, Los Angeles, CASpace Type
555-581 Mateo St., Downtown Los Angeles, Los Angeles, CA
1041 North Formosa Avenue, West Hollywood, CA
9680 Wilshire Blvd, Beverly Hills Heights, Beverly Hills, CASpace Type
1360 E. 6th St., Downtown Los Angeles, Los Angeles, CA
3222 Glendale Blvd, Atwater Village, Los Angeles, CA
12541 Beatrice Street, Playa Vista, Los Angeles, CA
1250 6th Street, Downtown Santa Monica, Santa Monica, CASpace Type
523 West 6th Street, Downtown Los Angeles, Los Angeles, CA
2340 North Hollywood Way, Burbank, CA
633 West 5th Street, Downtown Los Angeles, Los Angeles, CA
4732 - 4742 West Washington Boulevard, Mid-City, Los Angeles, CA
360 E. 2nd St., Downtown Los Angeles, Los Angeles, CA
818 West 7th Street, Downtown Los Angeles, Los Angeles, CA
15260 Ventura Boulevard Suite 1200, Los Angeles, CA
1149 North Gower Street, Hollywood, Los Angeles, CASpace Type
2121 Avenue of the Stars, Century City, Los Angeles, CA
6221 Wilshire Blvd, Beverly Grove, Los Angeles, CA
