Culver City Office Space and Property Rental Market
The office space market in Culver City is doing well due to the demand for space from technology startups, venture capitalists, creative and media companies. The absorption of office space was 73,468 square feet in Q1, 2019. The average lease rate was $4.33 per square foot, per month. Class B buildings were priced around $3.98 per SF/MO and Class A buildings about $4.62 per SF/MO. The office vacancy rate in this city is 24.2% — which is the highest vacancy rate in the Westside LA Silicon Beach area.