Pacific Palisades, CA Office Space For Rent
Located in beautiful western Los Angeles, Pacific Palisades is a coastal neighborhood snuggled between the Pacific Ocean and the Santa Monica Mountains. Its seclusion offers residents immense privacy and seemingly endless opportunities for business owners looking to take their company to new heights. There are numerous Pacific Palisades office spaces available, giving industry leaders a place to break into the neighborhood’s lucrative market.
Pacific Palisades’s history stretches back to the early to the mid 19th century when Mexico reigned over western California. It’s home to the 1838 Ysidro Reyes Adobe, the first adobe built in Santa Monica Canyon. Although the adobe no longer exists, the community constructed a memorial plaque on Pampas Ricas Blvd to pay tribute to the historic structure.
Pacific Palisades enjoyed tremendous growth during the early 1900s after Rev. Charles H. Scott and the Southern California Methodist Episcopal Church purchased the land in hopes of building a flourishing religious-centric commune. People from all over the nation flocked to Pacific Palisades and set up tents while building their community. Less than five years later, the secluded community gained 100 permanent homes and numerous streets named after Methodist missionaries.
The region continued growing through the 1920s and became a refuge for Jewish intellectuals and artists fleeing pre-war Germany and Austria. Pacific Palisades housed several influential people, including Thomas Mann, Vicki Baum, Emil Ludwig, and Herbert Zipper.
Today, Pacific Palisades continues to thrive, making it an ideal place for aspiring business owners to open an office and expand their enterprises.
Pacific Palisades Office Space – Lease Data & Trends
Pacific Palisades makes up part of the Los Angeles West submarket, the city’s largest market by inventory. It saw stupendous leasing activity in quarter three of 2021, bringing its total to over 1 million square feet of new transactions and surpassing 2.6 million square feet for the year. In fact, L.A. West’s leasing volume made for more than a third of regional transactions.
Although Los Angeles West’s vacancy rate increased by 130 basis points each quarter, the demand for quality office spaces remains high. Over 3.2 million square feet of new office spaces were under construction by the end of 2020’s third quarter, with over a fourth already preleased.
Many renowned video game developers and tech companies like Activision Blizzard continue moving to the Los Angeles West submarket, making it a burgeoning industry hub. Despite the high demand for premium workspaces and office sublets, the submarket experienced a negative overall net absorption for the sixth consecutive quarter.
What Our Brokers Say About Pacific Palisades Office Space
Pacific Palisades has a flourishing consulting market with numerous firms scattered across the area. Many have extensive industry experience, spanning multiple decades and hundreds of satisfied customers. The region provides prime real estate for up-and-coming consulting companies wanting to break into the industry.
The neighborhood also enjoys a booming retail market with various shops residing in the central business district located along the famous Sunset Boulevard. Residents enjoy multiple high-quality restaurants, stores, and boutiques that give the area its unique charm. Pacific Palisades offers first-class office space for rent that can make your retail establishment the neighborhood’s next big thing.
Top Commercial Buildings in Pacific Palisades
15304 West Sunset Boulevard – A lavish Pacific Palisades office building located off legendary Sunset Boulevard. Its proximity to Palisades Village makes it a prime location for business owners looking to get their company names in front of hundreds of potential customers.
881 Alma Real Drive – This prestigious office building has several office spaces for rent equipped with beautifully polished concrete floors, conference rooms, private offices, outside patios, and even full kitchens!
860 Via De La Paz – This first-class office building offers amenities like after-hours security. It’s the perfect office for business owners seeking a safe and secure location without sacrificing quality workspace.
Get to Know Pacific Palisades
Pacific Palisades boasts a small-town feel with all the joys of a bustling coastal metropolis. Residents can visit the various shops on the distinguished Sunset Boulevard, explore the great outdoors at one of Pacific Palisades’s numerous hiking trails, or practice their golf swings at the local country clubs.
The iconic neighborhood also has several historic houses and establishments that helped make Pacific Palisades what it is today. Many people venture to the Old Santa Monica Forestry Station to see the country’s first experimental forestry station dating back to 1887. The various famous houses like the Kappe Residence and the Bradbury House also make for great family outings.
Pacific Palisades also hosts community events that bring its residents together. Every Fourth of July, the neighborhood’s Chamber of Commerce put on a day-long event to celebrate the nation’s independence. People partake in 5K and 10K runs, decorating contests, concerts, firework displays, and more.
Why Rent Office Space in Pacific Palisades?
Pacific Palisades offers the excitement of city life with the joys of nature and exploration. The affluent local community and numerous walkable neighborhoods make the area an ideal one for setting up a business, especially in the luxury and hospitality spaces.
The surge of entertainment and tech companies moving into the area makes the Los Angeles West submarket the perfect place for budding entrepreneurs. It allows business owners to put their products in front of established brands and tech giants, enhancing their company’s prestige.
Nearby Neighborhoods to Set Up Office Space
If Pacific Palisades doesn’t fit your taste, there are multiple neighboring districts that you may want to consider.
Santa Monica – Located south of Pacific Palisades, Santa Monica is another coastal town known for its fantastic climate and beachfront properties.
Malibu – Another gorgeous coastal community just west of Pacific Palisades, Malibu houses many Hollywood celebrities and beautiful beaches.
If you need more information about Pacific Palisades office space for rent, or about office space in the surrounding areas, feel free to reach out to the SquareFoot team. We can help you find the best SoCal office space to help your company reach its full potential.