Submarket Snapshot: Culver City’s office market in Q1 2016

Average rent in Q1 significantly lower than Westside average

TRD LOS ANGELES /
Apr.April 06, 2016 05:00 PM

Culver City, which has an inventory of 4.6 million square feet of office space, saw 108,751 square feet of positive absorption in the first quarter of 2016, according to a report by Transwestern.

Its total vacancy rate was 10 percent, lower than the Westside average of 12 percent.

But it also took in less rent money. The average asking rent in Culver City was $3.43 in the first quarter, well below the West Los Angeles average of $4.52, and nothing to sneeze at if you’re Beverly Hills.

 

Related Articles

arrow_forward_ios
Homes in some parts of LA grew more than 60 percent over five years (Credit: iStock)

Up, up and away: Home prices soared 60% over 5 years in some parts of LA

Blackwelder office campus and Kilroy CEO John Kilroy

Kilroy Realty will pay $185M for Culver City media-focused office campus: sources

5800 Green Valley Cir, Culver City (Credit: Google Maps)

Jones & Jones buy multifamily property in bustling Culver City

amitaur Constructs founders Laurie and Frederick Samitaur Smith and the development site (credit: Getty Images and Google Earth)

Developer behind (W)rapper Tower now planning a 22-story office tower in West Adams

Blackbird founder Bridgid Coulter and the Culver City space as of August

Co-working newcomer Blackbird, focusing on women of color, will open in LA

Credit Karma CEO Kenneth Lin

Credit Karma latest Bay Area company to plant flag in Culver City

Blackwelder office campus and LPC’s David Binswanger

Lincoln Property Co. puts Culver City office campus on the market

Culver City Mayor Meghan Sahli-Wells and Culver City city hall

This LA city may become latest to impose a rent freeze

arrow_forward_ios