West Los Angeles office space is home to a variety of businesses of all sizes, including The Village recording studio, which has recorded music for TV and film soundtracks as well as radio programming, Fox Broadcasting Company’s studio operations for local stations KTTV and KCOP-TV, and Fox Sports national programming. West Los Angeles is full of indie theaters, cottages, and unique diners. The Westside sub-market is one of the most popular areas in Los Angeles for office space, and the limited inventory adds to the competition.
West Los Angeles Office Space | Lease Data & Trends
West Los Angeles is often combined with Olympic Corridor in commercial real estate statistics. On average, office space rental prices for this area are quite low compared with the Westside average. The majority of the West Los Angeles office space is in Class A buildings, with average asking rents of $52 per square foot. Class B space average $42 per square foot to lease, but inventory is limited (only 1 million square feet with no new construction underway). Class A and Class B office spaces in West Los Angeles have vacancy rates of 7 and 20 percent, respectively.
What Our Brokers Say About West Los Angeles Office Space
West Los Angeles is not to be confused with the larger region of Los Angeles known as Westside. Like most neighborhoods and areas within LA, the exact dimensions of West Los Angeles are sometimes debated. It’s generally accepted that West LA is bounded by Wilshire Boulevard and Santa Monica Boulevard on the north; National Boulevard, Pico Boulevard, and Exposition Boulevard on the south; Durango Avenue, Robertson Boulevard, and Canfield Avenue on the east; and Centinela Avenue on the west. Westwood, Santa Monica, Brentwood, and Mar Vista surround West LA.
West Los Angeles is a relatively large area of the city that includes many different neighborhoods. Consider the locations and benefits of each before deciding where in West LA to search for available commercial space. Century City, Castle Heights, Cheviot Hills, Rancho Park, Sawtelle, and Beverlywood are all neighborhoods located within West Los Angeles. Besides within Downtown Los Angeles, business district Century City is one of the most important employment centers in the area. Fox Studios is located here among the neighborhood’s impressive skyline of skyscrapers. Westfield Century City, a multi-level outdoor shopping center, is also an important part of the economy. One tower called Constellation Place houses the headquarters of Houlihan Lokey, ICM Partners, and International Lease Finance Corporation. In addition, Crystal Cruises and John Paul Mitchell Systems both have their headquarters in Century City. Most (8.2 million square feet) of Century City’s commercial space is Class A. Office space seekers will find that these spaces cost an average of $65 per square foot to rent. Some (1.7 million square feet) Class B space is also available and costs about $51/sqft to rent.
Those living and working in West Los Angeles have many options for transportation. It is Los Angeles’s 10th most walkable neighborhood and is also very bicycle-friendly. The Interstate 405 Freeway runs right through the district, making it easy to get around the neighborhood and to surrounding areas by car. Like the rest of LA, West LA also has an impressive public transportation network. The Los Angeles County Metropolitan Transportation Authority (METRO), which operates more than 1,500 buses as well as commuter trains, is actually the nation’s second largest public transportation agency. Taxi, limousine, and Uber are also popular ways to get around. The Los Angeles International Airport (LAX), Hughes Corporate Heliport (CVR), and Santa Monica Airport (SMO) are all located within reasonable driving distance for convenient air travel.
West Los Angeles is sometimes overlooked as a tourist destination in and of itself, but this unique corner of Los Angeles has a lot to offer, especially when it comes to food. Those who choose to put down business roots in West LA will be able to find a vast array of restaurants you can’t find anywhere else to have lunch with coworkers or just explore with family and friends after business hours. For Japanese food, look up Necco; for breakfast and brunch, visit Tuscan Son; American food, try The Main Course. To get some fresh air and enjoy the great outdoors, visit the Stoner Recreation Center, Cheviot Hills Park, Rancho Park Golf Course, and Reynier Park.
West Los Angeles | Neighborhood History
The history of the district of West Los Angeles, is, of course, inextricably tied to the history of the City of Los Angeles. Juan Rodriguez Cabrillo and Captain Sebastian Vizcaino came from Spain in the early 1600s to establish settlements in the Los Angeles area. Los Angeles was first incorporated as a city in the United States on April 4, 1850. For a long time, the area was mostly used for agricultural purposes; it took hundreds of years to become the densely populated tourist destination famous for its film industry, technological advances, and incredible real estate that it is today.
Much of the information about the history of West LA individually involves differing and changing reports regarding what makes up the boundaries of the district. Even today, some people incorrectly interpret West Los Angeles as comprising the entire Westside area of Los Angeles. In 2003, a Los Angeles Times reporter wrote that West Los Angeles refers to “the portion of incorporated Los Angeles between the Santa Monica city limits on the west, Wilshire Boulevard on the north, Century City to the east and extending just beyond National Boulevard on the south. Sections of West LA run the gamut from styling Cheviot Hills to a cluster of generic homes east of Bundy Drive.”