Mid-Wilshire, Los Angeles, CA, Office Space for Rent
Mid-Wilshire is home to several prominent Los Angeles attractions, including the Los Angeles County Museum of Art and the La Brea Tar Pits. The famous Wilshire Boulevard is a highly sought-after location for commercial offices and corporate headquarters. Office space in Mid-Wilshire offers a great location and a rich history.
Developed in 1921 by A.W. Ross as a revolutionary way to shop and live, Mid-Wilshire was initially known as “the retail hub of the future.” The area between La Brea and Fairfax avenues along Wilshire Boulevard would become what is now known as the Miracle Mile. By the late ’20s, Miracle Mile would be bustling with upscale shoppers from far and wide.
As city-dwellers flocked to the new shopping mecca, the idea of city living began to shift. In the later 1920s, the Mid-Wilshire neighborhood became a prime residential location for a mix of cultures. This flock of eclectic upper-class residents also brought corporate headquarters like Prudential to Mid-Wilshire.
Shortly after World War II, the Los Angeles County Museum of Art took residency in Mid-Wilshire. LACMA was founded in 1961 when it split from the Los Angeles Museum of History Since and Art to become an impressive compilation of culture and history, appropriate for its Mid-Wilshire location. The Mid-Wilshire neighborhood quickly became known as a historical and cultural epicenter of central Los Angeles.
Mid-Wilshire’s art-deco-inspired architecture is considered some of the best in the world. Two examples of this architectural style are Mid-Wilshire’s May Co. Building and the E. Clem Wilson Building. Today, the newly redesigned Petersen Automotive Museum lights up Wilshire Boulevard and is an excellent example of Mid-Wilshire’s impeccable architecture and arts culture.
Mid-Wilshire Office Space — Lease Data & Trends
Leasing activity in Los Angeles continues to recover despite nationwide setbacks due to the COVID-19 pandemic. The recovery of LA’s market is primarily due to a few significant leasing transactions and less to do with a higher volume of leases overall. The entertainment industry, media, and technology sectors accounted for half of all leasing activity in quarter four of 2021.
Quarterly volumes for the Los Angeles area reached 76.8% of pre-pandemic rates in Q4. Regional gains in employment and LA’s high vaccination rate help sustain this recovery. The beginning of 2022 shows that leasing trends in most Los Angeles neighborhoods are improving, and development continues.
Office space inventory is typically low in Mid-Wilshire because of the neighborhood’s many positive and highly sought-after attributes.
What Our Brokers Say About Mid-Wilshire Office Space
As you navigate its distinct neighborhoods, you’ll notice that Mid-Wilshire is made up of a diverse array of cultures. Moreover, the Mid-Wilshire neighborhood has mass appeal in its history, unique and diverse architecture, and family-friendly environment.
Office space in Mid-Wilshire is ideal for many reasons, but its proximity to Downtown LA makes it geographically convenient. Having an office space in the Mid-Wilshire area brings many great benefits, from proximity to big-name corporations to cultural diversity.
Top Mid-Wilshire Commercial Buildings
5410 Wilshire Boulevard: Located on Wilshire Boulevard, this Mid-Wilshire building has a walk score of 94. Office spaces range from 300 to 17,000 square feet and from first to ninth floors.
5670 Wilshire Boulevard: This Mid-Wilshire high-rise office building touts a walk score of 95 and has office space available for small to large teams.
Get to know Mid-Wilshire, LA
Mid-Wilshire is long known for the LACMA, the Miracle Mile shopping district, and the Petersen Automotive Museum. These landmarks contribute to Mid-Wilshire’s diverse and interconnected culture.
The Mid-Wilshire area was built as a somewhat disconnected series of neighborhoods that all had their unique styles of architecture and cultural distinctions. Mid-Wilshire’s communities were all developed separately, and you can still see their distinct differences today.
Mid-Wilshire has a population of over 41,000 residents in its 2.78-square-mile neighborhood.
Famous Mid-Wilshire landmarks include the historic Wilshire Ebell Theater, Harold A. Henry Park, and the William Grant Still Residence.
Why Rent Mid-Wilshire Office Space?
The Mid-Wilshire area is particularly appealing to commercial renters because it is geographically close to downtown LA while having its own culture and bustling energy in itself. The history and culture that Mid-Wilshire still embodies are particularly enticing to Angelenos.
Office space in Mid-Wilshire provides an opportunity to take advantage of a vibrant and culturally saturated LA neighborhood without the congestion of Downtown Los Angeles. The shopping center is one of the most famous in the country, and the zip code speaks for itself.
Mid-Wilshire offers proximity to the I-10 freeway, S. Western Avenue, and Santa Monica Boulevard.
Nearby Neighborhoods To Set Up Office Space
If you’re looking for office rental space near the Mid-Wilshire area, the following neighborhoods offer great options for Los Angeles office space not far from Mid-Wilshire.
Larchmont: Larchmont is a beautiful LA neighborhood near Mid-Wilshire. Although Larchmont will come with a more expensive office space cost, its location is ideal. Larchmont village offers all the great benefits of Los Angeles, like shopping, restaurants, and bars.
Koreatown: Koreatown is a neighborhood that does not sleep. There is always something to do with vibrant nightlife and several 24/7 restaurants. Californians consider Koreatown a culturally diverse neighborhood known for its eclectic restaurants and population. One benefit Koreatown has over Larchmont is its affordability. Commercial real estate prices for Koreatown are lower than most Los Angeles neighborhoods. If you have a diverse customer base for your business, you cannot go wrong with an office in Koreatown.
Arlington Heights: Arlington Heights is a neighborhood located in Central Los Angeles and is connected to Downtown LA. Arlington Heights is home to a bustling nightlife and diverse cultural community. Its connection to Downtown LA makes it an excellent Los Angeles office space option. Arlington Heights was historically known as the home of famous Old West lawman Wyatt Earp.
If you are curious about office space in Mid-Wilshire or would like more information on LA office space, contact us today. Find a suitable space for your business or coworking space by exploring your options with our intuitive online search.