2023 Office Space Rent & Sales
- $48.97 2023 Avg. Asking Rent
- -3.45% Y-o-Y Avg. Asking Rent Change
- 22.14% 2023 Office Vacancy Rate
El Segundo office price per square foot in 2023 was $48.97 on average. This marked a -3.45% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 22.14% 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
- California Class A & A+ Office Space$56.30
- California Class B Office Space$37.45
- California Class C Office Space$44.91
El Segundo, CA Office Asking Rents by Class
Office Spaces for Rent in California
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2023 Office Construction in El Segundo, CA
- El Segundo, CA Total SF completed in 2023 60,000
- El Segundo, CA Total SF under construction in 2024 316,578
During 2023, 60,000 square feet of new office space were delivered across the market. At the close of 2023, the El Segundo office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 60,000 square feet of office space. Looking forward, development activity throughout 2024 is estimated to add 316,578 square feet of office space to the market, before year-end.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Utah Avenue Campus - 2330 Utah Avenue | 2330 Utah Avenue, 90245 | 87,126 | 2018 |
| Elevon at Campus El Segundo | 709 North Douglas Street, 90245 | 223,500 | 2015 |
| 721-723 N. Douglas St. | 721-723 N. Douglas St., 90245 | 3,690 | 2015 |
| The Edge at Campus - Building 8 | 888 Nash St, 90245 | 17,305 | 2008 |
| The Edge At Campus - Building 6 | 2121 Maple Ave, 90245 | 16,458 | 2008 |
| The Edge At Campus - Building 7 | 2101 Maple Ave, 90245 | 13,280 | 2008 |
| 111 Penn St. | 111 Penn St., 90245 | 12,750 | 2004 |
| The Atrium at Continental Park | 2301 Rosecrans Avenue, 90245 | 288,421 | 2001 |
| Airport Imperial | 999 N. Pacific CoaSt. Hwy., 90245 | 135,678 | 2001 |
| Continental Grand Plaza II | 400 Continental Blvd, 90245 | 238,005 | 1999 |
Worth noting among recent office completions on the El Segundo market is Utah Avenue Campus - 2330 Utah Avenue, which is currently the largest new office development in the city, at 87,126 square feet.
See reports for other markets
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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 El Segundo 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.