About Los Angeles
Los Angeles is the second largest city and in 2019 performed better than NY (#1) and Chicago (#3). It is a center for higher learning with 5 major universities. There is, of course, a huge sector of high tech industries coupled with an immense creative aspect to the economy. Additionally aerospace, transportation and a large manufacturing base is supplemented by a rapidly growing venture capital investment area. Some of the largest employers here are: Northrop Grumman Corp., Target Corp., Kroger, AT&T, AECOM, Farmer's Insurance, Live Nation and Walt Disney Corp. - and it all started with citrus orchards planted by missionaries in the 1700's. Today the Service sector is the main component of the Los Angeles economy. The largest employer in the city is the University of Southern California (USC). The film industry pumps billions of $ into the economy with Hollywood producing 50% of all films that are shot in the United States, as well as all major labels in the recording industry. Also let's not forget its tremendous sector of aerospace and advanced transportation.
The main submarkets for commercial office space are West LA, Culver City and Santa Monica.
Most of the West LA space is Class A with about 10% of the total market in Century City. West LA includes about 27,000,000 sq. ft. of space.
Santa Monica has about 16,000,000 sq. ft. and Culver City has about 8,000,000. The largest buildings include:
| Address |
Name |
Area (sq. ft.) |
Floors |
Year Built/Reno |
Ownership |
Submarket |
|
| 333 S Grand Ave |
Wells Fargo Center |
2,571,000 |
54 |
1982 |
Brookfield |
Bunker Hill |
|
| 633 W 5th St |
U.S. Bank Tower |
1,433,000 |
72 |
1989 |
Overseas Union |
Bunker Hill |
|
| 333 S Hope St |
Bank Of America Plaza |
1,433,000 |
55 |
1974 |
Brookfield |
Bunker Hill |
|
| 350 S Grand Ave |
Two California Plaza |
1,372,000 |
52 |
1992 |
CIM |
Bunker Hill |
|
| 555 W 5th St |
The Gas Company Tower |
1,303,000 |
50 |
1991 |
Brookfield |
Bunker Hill |
|
| 523 W 6th St |
PacMutual |
446,000 |
12 |
1926/2003 |
Ivanhoe Cambridge |
Financial District |
|
| 650 Hill St |
St Vincent Jewelry Ctr |
435,000 |
10 |
1920 |
St Vincent Jewelry Ctr |
Financial District |
|
| 818 W 7th St |
818 W 7th |
282,000 |
12 |
1925/1985 |
Downtown Properties |
Financial District |
|
| 601 W 5th St |
The CalEdison Building |
273,000 |
13 |
1930/1993 |
Rising Realty Partners |
Financial District |
|
| 448 S Hill St |
Pershing Square Building |
150,000 |
16 |
1924/2007 |
JMF Development |
Financial District |
|
| 315 W 9th St |
Coast Savings Building |
140,000 |
12 |
1926/1987 |
Omni Group |
Financial District |
|
| 801 S Broadway |
801 Broadway |
955,561 |
10 |
1908/2017 |
Waterbridge Capital |
Historic Core/Fashion |
|
| 846-860 S Los Angeles St |
Cooper Building |
351,736 |
11 |
1924 |
850-860 S Los Angeles |
Historic Core/Fashion |
|
| 433 S Spring St |
The Trust Building |
320,000 |
12 |
1927/2017 |
Rising Realty Partners |
Historic Core/Fashion |
|
| 205 S Broadway |
Broadway Media Center |
212,283 |
10 |
1926/1987 |
Broadway Civic Center |
Historic Core/Fashion |
|
| 453 S Spring St |
Spring Arts Tower |
193,816 |
11 |
1914 |
Spring Arts Investment |
Historic Core/Fashion |
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There is a good amount of Coworking space in Los Angeles which points towards a robust market in shared professional office space - particularly shared law office space because there are over 25,000 attorneys in Los Angeles which is the 3rd largest pool of legal talent in one city behind New York and Washington DC. Here are just a few of the coworking facilities you'll find in LA
| Blank Spaces |
5405 Wilshire Blvd |
Mid-Wilshire |
| |
529 S. Broadway |
DTLA |
| Carr Workplaces |
10250 Constellation Blvd. |
Century City |
| Convene |
333 S. Grand Ave |
DTLA |
| Cross Campus |
800 Wilshire Blvd |
DTLA |
| CTRL Collective |
833 S. Spring St |
DTLA |
| Dotsspace |
113 N San Vicente Blvd |
Beverly Hills |
| Epiphany Space |
1763 N. Gower Street |
Hollywood |
| Ignited Spaces |
7080 Hollywood Boulevard |
Hollywood |
| Kleverdog Coworking |
418 Bamboo Lane |
Chinatown |
| Maker City |
1933 S. Broadway |
DTLA |
| OPODZ |
362 E 2nd St. |
Little Tokyo |
| The Park |
845 South Los Angeles St |
DTLA |
| Serendipity Labs |
6555 Barton Avenue |
Hollywood |
| Techspace |
1100 Glendon Avenue |
Westwood |
| Theoffice |
252 26th Street |
Santa Monica |
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