search

The Real Deal Logo

Trending

Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aMarty Burger’s new venture sputters on takeoffMarty Burger’s new venture sputters on takeoffTony Park and Elad Dror take a gamble on Koreatown office-to-resi conversionTony Park and Elad Dror take a gamble on Koreatown office-to-resi conversionSL Green, Vornado kick in $100M to extend 280 Park loanSL Green, Vornado kick in $100M to extend 280 Park loan
Los Angeles

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

800 Corporate Pointe
The office tower at 800 Corporate Pointe in Culver City

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.

Sign Up for the undefined Newsletter

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.

 

Tags
Culver CityOffice RentsSubmarket Snapshot