2023 Office Space Rent & Sales
- $51.83 2023 Avg. Asking Rent
- -1.54% Y-o-Y Avg. Asking Rent Change
- 20.42% 2023 Office Vacancy Rate
Culver City office price per square foot in 2023 was $51.83 on average. This marked a -1.54% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 20.42% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Culver City Class A & A+ Office Space$48.33
- Culver City Class B Office Space$54.84
- California Class A & A+ Office Space$56.30
- California Class B Office Space$37.45
- California Class C Office Space$44.91
Culver City, CA Office Asking Rents by Class
2023 Office Vacancy Rates in Culver City
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Jefferson Corridor | $60.67 | 21.62% |
| Culver City | $53.89 | 25.49% |
Office Spaces for Rent in California
Coworking Spaces in California
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2023 Office Construction in Culver City, CA
| Office building | Address | SF | Completed |
|---|---|---|---|
| Synapse | 8888 Washington Blvd, 90232 | 66,875 | 2022 |
| Playa Court - Building A | 11248 Playa Court, 90230 | 49,701 | 2018 |
| 11248-11250 Playa Ct. | 11248-11250 Playa Ct., 90230 | 48,951 | 2018 |
| C3 at Culver Pointe | 5800 Bristol Pkwy, 90230 | 281,400 | 2017 |
| 10567 Jefferson Blvd | 10567 Jefferson Blvd, 90232 | 69,475 | 2012 |
| 900 Corporate Pointe | 900 Corporate Pointe, 90230 | 285,675 | 2007 |
| 800 Corporate Pointe | 800 Corporate Pointe, 90230 | 241,556 | 2007 |
| 3523-3525 Eastham Drive | 3525 Eastham Drive, 90232 | 31,000 | 2000 |
| Conjunctive Points - Slash and Backslash, Pterodactyl, Umbrella & Stealth | 3528 Hayden Avenue, 90232 | 113,663 | 1999 |
| Conjunctive Points - 3535 Hayden Avenue | 3535 Hayden Avenue, 90232 | 52,848 | 1997 |
Worth noting among recent office completions on the Culver City market is Synapse, which is currently the largest new office development in the city, at 66,875 square feet.
See reports for other markets
- Los Angeles Office Rent Price
- San Francisco Office Rent Price
- San Diego Office Rent Price
- Sacramento Office Rent Price
- San Jose Office Rent Price
- Irvine Office Rent Price
- Fresno Office Rent Price
- Oakland Office Rent Price
- Palo Alto Office Rent Price
- Santa Monica Office Rent Price
- Pasadena Office Rent Price
- Redwood City Office Rent Price
- Walnut Creek Office Rent Price
- Santa Clara Office Rent Price
- Long Beach Office Rent Price
- Beverly Hills Office Rent Price
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Culver City commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.