The Los Angeles neighborhood of Playa Vista—together with Santa Monica and Venice—earned the nickname “Silicon Beach” because of its impressive collection of innovative tech companies and proximity to the Pacific. Tech giants with an office presence in Playa Vista include Google, Facebook, IMAX, Hulu, YouTube, and Yahoo.
This planned community is one of the best places to live in California. Playa Vista is known for breaking the California stereotype of commuting issues and traffic congestion. This neighborhood boasts a unique design that allows residents to get around quite well on foot. Playa Vista locals can enjoy easy access to the beach, recreation, shopping, dining, and, of course, numerous creative and technology companies. If you’re looking for a location for your next office, look no further than Playa Vista office space. Contact us to schedule a tour.
Playa Vista Office Space | Lease Data & Trends
Playa Vista is considered part of the Westside submarket of Los Angeles. As of Q3 of 2020, Westside has just under 56 million square feet of inventory with approximately 2.8 million under construction. According to map data, about 12 percent of the office spaces are open and available to new renters. While most cities report office rental prices by square foot per year, Los Angeles area prices are instead listed by square foot per month.
Office space seekers will find properties in Playa Vista costing an average of just over $5.20 per square foot per month to rent. Class A properties in Playa Vista cost slightly more at approximately $5.40 per square foot. This is slightly higher than the average Downtown Los Angeles rental rates of about $3.72 per square foot for all classes of space and just over $3.85 for Class A spaces.
|Office Space for Rent||Class A||Class B|
|Price per square foot||$5.40||$5.20|
What Our Brokers Say About Playa Vista
Playa Vista rests just north of the Los Angeles International Airport (LAX) and just south of the Loyola Marymount University campus. Ballona Creek borders Playa Vista to the north; Culver City borders it to the northeast; Bluff Creek Drive borders it to the southeast; and the Ballona Wetlands border it to the southwest. Neighborhoods Del Rey and Westchester are nearby.
Playa Vista is only 1.3 square miles in size and has a very low population density, especially for an area in Los Angeles. In 2017, approximately 6% of those who owned homes in Playa Vista worked in the district, and 28 percent of people working within Playa Vista resided within three miles of the neighborhood.
In part because the neighborhood is relatively small, it’s convenient to get around on foot or by bicycle. The main form of public transportation found in Playa Vista is the Daily Shuttle, which delivers passengers for free. The Daily Shuttle operates Monday to Friday from 8 a.m. to 10 p.m.; Saturday from 10 a.m. to 10 p.m.; and Sunday from 10 a.m. to 8 p.m. Most of the time, shuttles arrive every 30 minutes. The Daily Shuttle stops at Pacific Promenade, Runway Road, Millennium Drive, Bluff Creek Drive, and 18 other places. Use the On-Demand Shuttle to get to select locations outside of Playa Vista. Just call (877) 280-0551 to schedule. The neighborhood has good freeway access via the 405 freeway. Domestic and international business travel to and from offices in Playa Vista is extremely convenient since LAX is just a 20-minute drive away.
Playa Vista used to contain the headquarters for the Hughes Aircraft Company, founded by industrialist Howard Hughes. Though Hughes died in 1976, and the aircraft company no longer operates, his endeavors paved the way for much of the area’s success in technology. “Every creative tenant wants to work with the ghost of Howard Hughes,” said Alison Banks, director of marketing at Brookfield Residential, the area’s master developer.
Besides the tech giants already mentioned, Playa Vista also houses office spaces for Samsung, FOX Sports, WeWork, and Microsoft. Playa Vista is also home to a number of up-and-coming, innovative startups. These include Science 37, which works to connect people with clinical trials to advance research and patient treatment; Canvas Worldwide, a marketing company that provides unique advertising solutions to its customers; and Hackreactor, a platform that helps people learn how to code.
Playa Vista is not just a place to work, but also a place to live. Playa Vista is a planned community and contains a wide variety of amenities within its limits, despite its small size. Playa Vista contains coffee shops, an upscale supermarket, a movie theater, 29 parks, and a yoga studio. The neighborhood developers’ goal was for every home to be a five minute or less walk from green space. Get out of the office and enjoy lunch or a business meeting at Urban Plates, Big Mango Cafe, Rodini Park, or Tocaya.
Today, Playa Vista is not only home to an impressive collection of big-name companies but also more than 10,000 people. “Finally, now [Playa Vista] is what it was envisioned to be,” John Miller, head of the Los Angeles office of developer Tishman Speyer, said.
Why rent office space in Playa Vista, CA?
Wondering if Playa Vista office space is the right next move for your business? Here are just some of the reasons why Playa Vista could be the best location for your next office.
You’ll have a diverse, top-notch set of neighbors: Playa Vista is home to a number of industries – not just tech companies. Players in both creative and technical industries have leased offices in the area. Additionally, your neighbors include big names like Facebook, Youtube, The Honest Company, Rubicon, TOMS, and many more. This impressive set of nearby businesses will surely be an advantage to your business from a networking perspective and will definitely help to impress potential clientele.
Your employees will benefit from the many activities in the area: There are a variety of things to do in Playa Vista, making it a desirable neighborhood for your business to attract top talent. The beach is very closeby, as are other top LA neighborhoods like Venice Beach, Santa Monica, Marina Del Rey, and Manhattan Beach. The variety of parks in the neighborhood — like Ballona Discovery Park, Fountain Park At Playa Vista, and Playa Vista Central Park — make for great spots for a midday break when the sun is out.
It’s easy to commute there: For commuters coming from other parts of the Los Angeles metropolitan area, Playa Del Rey is a covetable place to work because of its proximity to major freeways and highways. The I-405 and I-10 freeways are closeby, as are the CA-1 and CA-187 highways.
Top Commercial Properties in Playa Vista, CA
5510 Lincoln Boulevard: This high-end, creative office building (also known as Water’s Edge) consists of more than 430,000 square feet of Class A office space. It is one of three buildings in a campus with 3 total buildings, the other two sitting at 5570 Lincoln Boulevard and 5533 Ea Way.
Looking for Playa Vista office space for rent for your business? Contact us to get started on your office space search, or to get more information on available offices in this Silicon Beach neighborhood.