El Segundo Office Space and Property Rental Market
El Segundo, CA is a city located in South Bay LA, close to Manhattan Beach, Hawthorne, Playa Del Rey, Westchester, and Inglewood. The office rental market in El Segundo, as well as beach cities nearby, include a total 12,069,156 square feet with a vacancy rate of 13.8% as of Q1 2019. This means for every 100 office properties, there are 13 available for rent. The office space market in South Bay has been highly active with tenants searching for commercial office, which has raised average lease rates in El Segundo to $3.83 per square feet to $4.04 per square feet – this depends if you’re looking for Class A, B, or C space.