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609 Deep Valley Drive, Suite 200

Palos Verdes

Rolling Hills Estates, CA 90274

  • 100 sqft~1 seats
  • Inquire for pricing

Listing Details

  • Property TypeOffice
  • Lease TypeDirect Lease

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Building Details

  • Walk Score®78

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Availability

UnitSizeSeatsPriceInquire
Suite 200100sqft~ 1~$37 psf
Suite 200350sqft~ 2~$37 psf

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Neighborhood

Palos Verdes

Palos Verdes, CA, Office Space for Rent

Home to some of LA’s most treasured views, the Palos Verdes Peninsula encompasses Rancho Palos Verdes, Rolling Hills, Palos Verdes Estates, and Rolling Hills Estates. It is considered an upscale suburb of the Pacific Ocean and is known for its dramatic views of Santa Catalina Island, Los Angeles, and the Pacific Ocean.

If you’re looking for office space for rent in Palos Verdes, we’ll be happy to help. Contact us to help you find the ideal office space for your needs.

Palos Verdes Office Space — Lease Data & Trends

According to Cushman & Wakefield, the South Bay office market has seen a significant jump in sublease vacancy to 2.3% in Q2 2021 from 0.8% during Q1 2020, with vacant sublease space just over 925,000 square feet. The total sublease available space (both vacant and occupied) accounts for about 14% of the total available space in the market.

Although the transactional velocity in the region has slowed since the pandemic and the market has taken a hit as a result, there’s some positive news. A strong Q1 2021 performance by the dominant El Segundo submarket has helped the South Bay market post a healthy leasing total. With companies downsizing, close to 400,000 square feet of vacant space was added to the market during Q2, which brought the South Bay’s overall office vacancy rate to about 25%.

Surprisingly, overall asking rent per square foot continues to rise. Rather than lower asking rents, landlords are getting more creative to attract and retain tenants. The market continues to see more flexibility on taking rents, more free rent, and higher tenant improvement allowances.

What Our Brokers Say About Palos Verdes, CA, Office Space

There’s plenty of office space for rent in Palos Verdes and the amenities you need to set up an office in the city. Besides the dramatic views of the Pacific Ocean, Palos Verdes is also known for being one of the wealthiest regions in the US in terms of property values and household income.

Top employers in the region include the Palos Verdes Peninsula Unified School District, Terranea Resort, Trump National Golf Club, and Marymount California University.

Top Commercial Buildings in Palos Verdes

Palos Verdes Plaza: This mixed-use building stands two stories tall along the Western Avenue corridor on the affluent Palos Verdes Peninsula. The building boasts a total of 48,216 square feet. It features on-site retail amenities and restaurants and free surface parking and is within walking distance of additional shopping venues and restaurants.

550 Silver Spur Road: The property consists of 25,000 square feet of office space on three floors. Featuring Mediterranean-style architecture, this office building boasts tranquil fountains, elegant lobbies with balconies, and an inviting outdoor courtyard.

Harbor Cove Plaza: This building is located right on the border of Rancho Palos Verdes and San Pedro. It consists of two buildings: A four-story building that houses the U.S. Bank and a two-story building where Harbor Lights Escrow and Excel Funding Real estate call home. The building offers multiple suites from 150 square feet up to 1500 square feet.

It features full amenities such as conference space, a gym, a gazebo, a lounge, and a break room.

Get To Know LA’s Palos Verdes

While Palos Verdes is not popular for industry, residents enjoy the luxury that this city has to offer. Overlooking the Pacific Ocean, nearly all parts of the city boast stunning views. One of the city’s major highlights is the Point Vincente Lighthouse. This light station is open to the public once or twice a month, allowing people to climb the stairs to the top for a picturesque view of the city.

In recent years, a new development and luxury ocean resort, Terranea, has opened its doors to the Rancho Palos Verdes community. The high-end resort has gained popularity for a word-class spa, oceanfront pools, a golf course, and exquisite dining venues. Guests can enjoy an extensive range of activities, from kayaking and whale watching to horseback riding and golfing.

Why Rent Office Space in Palos Verdes?

Why should you consider office space for rent in Palos Verdes? The local area offers convenient coffee shops, high-end stores, and first-class restaurants. In addition to being close to local amenities, Palos Verdes provides easy access to freeways that lead straight to downtown Los Angeles.

The Los Angeles International Airport (LAX) is about half an hour away, and there are high-end hotels nearby. This makes business travel comfortable and convenient. The nearby interstates can lead you further north to El Segundo or Hermosa Beach or west to places like Long Beach.

Nearby Neighborhoods to Set Up Office Space

If you’re considering office space in Palos Verdes but also want to explore the surrounding area, you may want to consider some of the following nearby neighborhoods in your search.

San Pedro: This South Bay port town borders Rancho Palos Verdes and is home to the busiest freight terminal in the country. It’s also an artsy, historic community that attracts many visitors each year. This could be a great location for those looking to set up a maritime business.

Santa Monica: Head down PCH past the airport to get to sunny Santa Monica. This beachfront city is home to retail businesses, tech startups, entertainment companies, and more. You’ll find that office space in Santa Monica will suit the needs of any business!

Manhattan Beach: This chic beach city is home to some of the most expensive residences in California, and is a prime tourist destination. Outside of retail and hospitality, Manhattan Beach is known for its aerospace industry. Top employers include Northrop Grumman, the City of Manhattan Beach, and Target.

If you would like more information about office space for rent in Palos Verdes or the South Bay area, feel free to contact us. Our friendly team can help you explore your options, conduct your search, and find the space that works best for you and your business.

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