Los Angeles, CA Office Space for Rent (2024)

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 $56.72 per square foot. Meanwhile, Class B space in Los Angeles asks $41.63 per square foot, on average. At the same time, listings in Class C buildings are listed for an average of $27.56 per square foot.

Overall, the average rent for office space in Los Angeles is $49.02 per square foot. The maximum rental rate among listings for lease in Los Angeles is $192 per square foot. Meanwhile, the minimum rental rate in Los Angeles is $18.34 per square foot.

Average Office Rents by Property Class in Los Angeles vs California

Los Angeles Class A & A+ Office Space

$56.72

California Class A & A+ Office Space

$56.3

Los Angeles Class B Office Space

$41.63

California Class B Office Space

$37.45

Los Angeles Class C Office Space

$27.56

California Class C Office Space

$44.91

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 $33.35 per square foot, but you should expect some price variation across the market, depending on factors like location and property class. For example, the asking rents in Central San Fernando Valley average $32.75 for class A space, but is $33.46, on average, for class B listings, and $32.75 for class C.

Best Areas to Rent Office Space in Los Angeles

Submarket No. of Listings Avg. Asking Rent Class A&A+ Rent Class B Rent Class C Rent Vacancy Rate

Central San Fernando Valley 138 $33.35 $32.75 $33.46 $32.75 13.20%

West Los Angeles 96 $60.21 $64.91 $52.74 $64.91 20.86%

Culver City 95 $53.89 $52.39 $55.11 $52.39 25.49%

Los Angeles CBD 94 $41.55 $44.51 $36.15 $44.51 18.14%

Beverly Hills 90 $68.14 $68.8 $67.31 $68.8 16.25%

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 45.01% of total office space listings in Los Angeles are in properties rated class A. An additional 7.02% of total represents trophy class or class A+ space. Class B space makes up 35.08% of total space available in Los Angeles. Class C space listed for rent locally accounts for 1.64% of total 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 71.86% of local office properties were completed before the year 2000. Office space delivered in and since the year 2000 makes up 16.4% of the local market and adds up to a total of 18,346,726 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 3.86% 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

Los Angeles, CA Office Property By Year Built

1

Before 1900

52

1900 - 1925

97

1925 - 1950

447

1950 - 1975

705

1975 - 2000

274

After 2000

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 552 listings for rent that are in LEED-certified or LEED-proposed properties. The local market is home to 85 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 4 LEED-proposed office building(s) awaiting certification.

Number of Buildings by Leed certification in Los Angeles, CA

85

TOTAL

49

Gold

19

Silver

11

Platinum

6

LEED

Size by Leed certification in Los Angeles, CA

TOTAL

35,678,231

Gold

20,161,196

Platinum

8,379,644

Silver

5,584,575

LEED

1,552,816

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 CommercialEdge and refers to office properties at least 25,000 square feet in size. Prices shown reflect the average rate per square foot.

Los Angeles, CA Office Space for Rent (2024)
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