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We help you find your ideal office space in Los Angeles. This our primary business and our only business. That is why we are good at it and are services are even FREE!

The Los Angeles office space market is spread over a wide area from the Pacific Ocean on the west, San Gabriel Valley to the east, Ventura County to the north, and the South Bay to the south. There are over 215 million square feet of office space within the LA metropolitan area of which only approximately 15% is located in the Downtown Central Business District. There are a broad range of office types available from woody walk-ups to the most modern high rises. Having a an understanding of the different office markets and types within Los Angeles, can make a huge impact on the outcome of your search for office space.

That is what we do. We have LOCAL office space specialists all over the Los Angeles area who know their markets inside and out. We have pre-qualified them to ensure you get exceptional service. They will guide you through the maze of office space alternatives and make sure you fully understand the impact each option can have on your business. It really does not make any sense for you not to take advantage of the services of one of our great local tenant representatives. It won't cost you anything to have on your side. In fact, they will save you money with their knowledge and experience in the market by identifying opportunities that may not be readily available and then negotiate the best possible deal for you. They are in their office market every day and know not only the properties, but the players as well. It is a no lose proposition for you. There is no obligation for giving us a chance to prove ourselves.

To get started, all you need to do is complete the form at the top of the page. Just tell us a little bit about what your office needs are and how we should contact you and we will have one of our top LOCAL specialist get back to you right away. We know you don't want to wait for information. You want it now. So, we will do our best to get back to you just as soon as we can with the information you want.

A little more about the geography of the Los Angeles office space market. The market is divided up into many submarkets. Here are some of the more popular ones you may want to consider:

Los Angeles-Beverly Hills - High-end office space and medical buildings, near hospitals, high end retail, abundant amenities.

Los Angeles-Century City - High-end office space and medical buildings located in area with large high end shopping mall and condos, walkable with numerous amenities.

Los Angeles-Downtown/CBD - A mix of creative and traditional office spaces in mid to high rise buildings, renaissance redevelopment and rehabilitation in progress, in high demand for creative and traditional office use, good public transportation and accessibility, walkable downtown with abundance of world class amenities

Los Angeles-San Fernando Valley - Lots of industrial, creative and traditional office space, low to mid rise buildings, less expensive available parking, low to mid-range rates, quick access to freeways

Los Angeles-South Bay - Generally low rise office building, often stand-alone buildings, creative and traditional office suites, amenities include good retail and dining.

Los Angeles-West LA - A mix of creative and traditional office buildings, density populated, centrally located to most parts of greater LA area, located between Beverly Hills and Santa Monica with generally lower rates than surrounding areas, good freeway access, in-progress Metro Expo Line and good retail and dining amenities.

Burbank – Mid-priced offices spaces, low and high rise buildings, good tax incentives for businesses, close to Hollywood area, area ideal for production, design, media companies, quick access to freeway and metro rail, walkable downtown area with excellent amenities.

Culver City - Many creative spaces, generally office rental higher rates, arts and media district, in high demand for production, design, tech and media companies, walkable downtown area with wide range of amenities, metro line and freeway access.

El Segundo - Located close to airport, lower side for rates, industrial and office space, conveniently located in close proximity to range of retail, dining and entertainment, good freeway access.

Glendale - Has lower rental rates than neighboring Burbank, smaller walkable downtown area with both low and high rise buildings. A hospital is located in Glendale. There is easy freeway access and overall good general amenities on the Glendale area.

Marina Del Rey - mixed use spaces, creative, traditional and medical offices, mostly low rise buildings, wide range of amenities, adjacent to Santa Monica.

Pasadena - smaller walkable city adjacent to Los Angeles, close proximity to downtown Los Angeles, low to high rise buildings, mid to higher end rates, good public transportation and accessibility, Metro Line, great restaurants and retail.

San Fernando Valley - retail, office and industrial use, low to mid rise buildings, stand-alone buildings, good parking availability, diverse large area, good freeway accessibility .

Santa Monica - currently known as Silicon Beach, located in the Westside of Los Angeles, home to over 500 tech startup companies, second largest tech hub in the world. Creative spaces small to large, high end rates. Also ideally suited for Production, Design, and Media Companies. Many world class hospitals in the area. Abundance of wide range amenities, in high demand for all kinds of businesses, walkable downtown and in-progress Metro Expo Line.

Torrance - low to mid rise buildings, business parks, mid-range rates, diverse mix of office , use, lower parking rates, freeway accessible, within close proximity to diverse amenities.

Woodland Hills - Contains low to mid rise office buildings including stand-alone buildings, with retail, business parks, excellent parking availability, good freeway access, wide range of amenities.

If you would like more information or if we can help you with your office space in Los Angeles or the surrounding submarkets, please let us know.

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Serendipity Labs Los Angeles - Downtown

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12100 Wilshire Blvd

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8383 Wilshire Beverly Hills

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Avenue of the Stars

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Century Plaza Tower

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City National Plaza

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La Brea

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Northrop Grumman (HQ)

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Santa Monica Boulevard

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Sepulveda Center

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If you're considering moving to the greater Los Angeles metropolitan area, one of the most important things to look at is the office  leasing market. You will likely find that one or more specific areas best fit your budget, staffing needs, or other key factors. 

An Overview of Los Angeles

The size of this city is one of the most striking and obvious things about it. It and its metropolitan area cover almost 470 square miles. It also has a huge population, coming in as the second-most populated area of the United States. There are more theaters and museums here than anywhere else in the United States, and of course, it is home to Hollywood and other major entertainment centers. This brings it media attention, and with it, plenty of tourists.

Opportunities for personal entertainment abound. There are three huge and highly visited amusement parks, teams for every major sport, including the WNBA, and many shopping centers.

All of these things make LA a very unique region, and have practical effects on the leasing market. Vacancy is typically low, and companies jockey for space within this coveted location. The same is true for residential space, so salaries need to be robust enough to account for this in order to attract employees.

History

It seems amazing now, but Los Angeles began life as a mere riverside camp site. Two years later, in 1771, missionaries built a permanent residence, and 10 years later, it became a settlement with the unwieldy name of El Pueblo de Nuestra Señora la Reina de los Angeles. By 1840, it was already Southern California's largest town. The movie industry came in 1900, and by the '30s, it had acquired the nickname "Tinseltown."

Currently, the Los Angeles area is home to people with all skill levels and economic statuses. Overall, there are more college graduates here than average, but there are also more people below the poverty line than in many other places. People from over 140 different nations live here, and over 224 languages are spoken. This makes it one of the most ethnically diverse places on Earth.

Despite a few high-profile racial incidents over the last few decades, this area has made great strides in this area. Now, it is a highly-cosmopolitan and inclusive area, and its highly diverse population gets along well.

Within the city limits, the population is almost 4 million, but when the entire metropolitan area is considered, the number jumps to 10 million.

An Overview of the Los Angeles Office Space Leasing Market

Media, entertainment, and technology companies are dominating the market in Culver City, Hollywood and the Wilshire Corridor, and West LA. These areas saw 87% of the net leasing in the Greater Los Angeles area over the last year.

Overall, lease rates are down compared to the last quarter 2017, with $3.16 / mo FSG being reported as average. Vacancies are at 15%, which is up. Meanwhile, a total of 2.1 million square feet of new construction is or will soon become available across the area.

One notable thing about this entire market is its propensity for sudden swings. Movie studios and other such companies often need to either lease or let go of large amounts of square footage as their projects demand. These large deals cause spikes and dips in the leasing market that are rare in other cities.

Submarkets of Interest

Venice - This area is expected to see some softening thanks to Snap, Inc. moving out and releasing 163,000 square feet of subleased space.

Century City - Space may become available here thanks to a proposed acquisition by Fox. It is unknown whether this deal will go through, so those interested should keep an eye on it.

West LA - Large media, tech, and entertainment companies are filling up space here, driving rents to over $5.00 per square foot.

Hollywood/Wilshire Corridor - Rents here aren't cheap, with prices over $3.00/sq. foot being common, but the high cost of West LA is driving many companies to move here.

South Bay - Prices averaging $2.81/sq. foot are reported, making this a great choice for companies that want to be in the area, but don't feel a strong need to be in Hollywood or West LA. One of the reasons for the relatively low cost is that this is the fifth consecutive quarter of negative absorption, with Toyota and Kyocera being the latest to vacate. However, this trend is expected to reverse at the end of the year, so it could be a good idea to lock in deals here before that happens.

Downtown LA - Technology companies are moving into this area in droves. They're also coming to West LA and the South Bay. This is part of an effort to build a "Silicon Beach" zone.

The Financial District - This area has plenty of upper-class, hip residents. It is also home to plenty of banks, real estate companies, and investment firms.

The Labor Market

Overall, unemployment is down here, as it is across the state and nation. This is affecting all industries, but a few are creating more jobs than others. Hospitality, leisure, education, and heath services are topping the list for jobs produced in the last quarter. Financial services are up as well, but there has been a slight contraction in the legal services and information categories. Most of the jobs lost in the information category were related to sound recording, print publishing, and motion picture recording.

Because of the general tightness of the labor market, wages can be expected to rise. Depending on your business, this can be a good thing - it will make it easier to find customers at the retail level. However, you will likely want to streamline operations to keep labor costs down.

If you're looking to move into the Greater Los Angeles Metropolitan Area or into LA itself, just contact us. We're experts in making the leasing process easier and finding the perfect space for your operations and your budget. We'll be glad to work with you to make your move free of hassles and unnecessary expense.

Useful Statistics for businesses looking for office space in Los Angeles
  Los Angeles CA State
2016 Estimated Population 3,918,872 38,654,206
Median Age 35 36
Housing Units 1,447,026 13,911,737
Occupied 1,356,311 12,807,387
Owned 496,667 6,929,007
Rented 859,644 5,878,380
Average Household Size 2.83 2.95
Rental Vacancy Rate 3.3% 3.8%
Homeowner Vacancy Rate 1.1% 1.3%
Median Home Value $496,300 $409,300
Median Monthly Rental Cost $1,241 $1,297
Estimated Mean Income $92,169 $101,373
Median Household Income $51,538 $63,783
Percent of Individuals below poverty level 21.5% 15.8%
Educational Attainment: Percent high school graduate or higher 75.9% 82.1%
Educational Attainment: Percent high school graduate 19.6% 20.6%
Educational Attainment: Percent with some College 17.9% 21.7%
Educational Attainment: Percent bachelor degree or higher 32.5% 32%
Average Commute time in minutes 30.5 28.4
Commute 1,853,827 17,193,695
Commute by car, truck or other vehicle - Drive Alone 1,269,665 12,636,396
Commute by car, truck or other vehicle - Carpool 169,762 1,825,507
Use Public Transportation 187,366 894,813
Work from Home 107,834 934,436
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