Los Angeles, CA Office Buildings for Sale
Browse up-to-date local listings represented by leading commercial real estate brokerages. Our online inventory currently offers 109 office properties for sale in Los Angeles, CA — a total of 1,896,428 square feet. Individual property size across listings varies between 918 square feet and 80,362 square feet.
California markets largely avoided the CBD as far office development goes, with the exception of high-profile properties like the Wilshire Grand Center in Los Angeles. Here, just 7% of all of the Los Angeles office space that was added since 2002 — 2.9 million square feet across 31 properties — was located in the city’s CBD.
December vacancy rates also stagnated at the national level, settling at 15.5% (an increase of 130 basis points Y-o-Y) and leveling out after some volatility in 2021. In particular, Boston office space had the lowest vacancy rate in the country at 10.3%, followed by Miami at 12.5% and Los Angeles office space at 13.2%.
Los Angeles was home to the second-largest cohort of residents aged 25 and older who hold at least a bachelor’s degree in science and engineering and/or engineering-related fields: With nearly 1.5 million locals in this category, the Los Angeles talent pool was second only to New York.
Los Angeles office space for rent listed for an average of $41.62 per square foot last month — an increase of 8.1% Y-o-Y, which was the largest asking rate growth among the markets analyzed.
Zooming in on individual markets, Los Angeles witnessed the highest yearly increase in asking office rents: Asking prices for office space in Los Angeles reached $41.60 per square foot, following an 8.1% hike since July 2020.
Prologis has submitted its plans for a new studio campus in Los Angeles’ Arts District, which will include 10 soundstages and 291,000 square feet of Los Angeles office and support space.
Outside of the Big Apple, Chicago, Seattle and Los Angeles are represented by one entry each on the list of tallest buildings being planned in the U.S.
The sale of the Los Angeles office property of One Culver for $473 million closed out the top 10 most expensive transactions, while a portfolio sale of San Diego office spaces was just shy of the top 10 most expensive office transactions.
Formerly operating under the name of Endeavor Content, the company will be the first tenant in the 550,000-square-foot Lumen campus in Sawtelle, Calif. The property is owned by McCarthy Cook and was built to attract LA’s tech and entertainment firms.
Months after transferring ownership following a foreclosure sale, the office tower at 444 S. Flower St. in downtown Los Angeles is on the cusp of a reversal of fortune.
The deal will see ELARC increase its footprint at The Alhambra by 23,345 square feet, bringing its total to just under 147,000 square feet. This latest deal brings the campus’ occupancy rate to 90%.
The new Sheppard Mullin headquarters will occupy floors 39 through 42 of the 52-story Bunker Hill building, which includes 1.4 million square feet of Los Angeles office space.
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