The Los Angeles neighborhood of Playa Vista—together with Santa Monica and Venice—earned the nickname “Silicon Beach” because of its impressive collection of 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.
Playa Vista Office Space | Lease Data & Trends
Playa Vista is considered part of the West Los Angeles submarket. As of Q1 of 2019, West LA has more than 53 million square feet of inventory with 1.8 million under construction. 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 $4.50 per square feet per month to rent. Class A properties in Playa Vista cost slightly more at approximately $4.75 per square foot. This is slightly higher than the average Downtown Los Angeles rental rates of about $3.60 per square foot for all classes of space and just over $3.75 for Class A spaces.
|Office Space for Rent||Class A||Class B|
|Price per square foot||$4.75||$4.25|
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 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 is 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.
Playa Vista History
In the 1940s, Howard Hughes chose the area, previously devoted to cattle ranching for the site of Hughes Airport, his private airfield, and Hughes Aircraft Company, an aircraft factory. The Hughes Aircraft Company famously produced the Hughes H-4 Hercules Spruce Goose aircraft. The massive plane was housed in an equally enormous hangar, which exists to this day. Today, the famous hangar is home to Google, which leased the previously vacant hangar in 2016 and moved in late 2018 following a dramatic transformation of the property with design by ZGF Architects.
Playa Vista’s transformation from vacant airfield to what it is today began in the mid-1990s as Hollywood started using the aircraft hangars for films. Avatar, Transformer, Iron Man, and Titanic all had scenes filmed in Hughes Aircraft hangars. In the early 2000s, developers set their sights on Playa Vista as a luxury, mixed-use community. Playa Vista is one of the most intensely debated master-planned development in Los Angeles history.
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.