Los Angeles Office Space Rental Market
The commercial office rental market in Los Angeles is 200,091,573 square feet and is on average $3.30 psf to lease space. Los Angeles is considered to be one of the largest office markets in the nation, however activity has been slow and steady as of Q3 2018. The office vacancy rate in Los Angeles is reported to be 14.9%. Popular areas of to rent office space in Los Angeles are cities such as Culver City, El Segundo, DTLA, Santa Monica, Pasadena, Burbank, West Los Angeles. Due to the high tenant demand in these cities, rates have climbed up to be closer to $3.51 psf to $5.66 psf. Affordable areas to lease office space in Los Angeles include Carson, Torrance, Long Beach, Agoura Hills, Chatsworth, Tarzana, North Hollywood, and San Gabriel Valley. These office space lease rates range from $2.25 to $2.72 psf.