Evoke Advisors Inks 24,000 Square Feet in Century City

Investment advisory services firm Evoke Advisors inked a 24,470 square-foot deal for a new headquarters at 2121 Avenue of the Stars in Century City.

Evoke signed a 10-year lease for a full floor at Irvine Company’s 34-story tower, according to CBRE, which represented the tenant in the deal.

It isn’t clear where Evoke is relocating from but the company lists its main office as a Westwood address on its website. The asking rent was $72 per square foot, according to Traded LA.

“This 10-year lease underscores the strong demand for high-quality office space in premier locations and reflects how top firms are prioritizing vibrant, talent-rich environments to support long-term growth,” CBRE’s Blake Mirkin, who represented the tenant along with colleague Kyle Widener, said in a statement.

LA Realty Partners’s Rick Buckley reportedly represented Irvine Company. He did not respond to a request for comment.

Terms of the lease were not disclosed.

Talent management and production company Artists First recently signed a lease for 22,785 square feet at Irvine Company’s 2121 Avenue of the Stars. Consulting firm Armanino leased 23,500 square feet, spanning a full floor, in the building last year. The Century City high-rise is more than 90 percent leased, per Commercial Observer.

The tower boasts skyline-to-ocean views and amenities such as made-to-order dining that includes beer, wine and coffee, an on-site car washing facility, a fitness center with Peloton bikes, and a shuttle to Westfield Century City.

The average asking rent in Century City increased 9.2 percent year-over-year, according to a Colliers’ first-quarter West Los Angeles office report. That outpaces the 1.4 percent rent growth for all of West Los Angeles. Century City’s vacancy rate is lower than any other part of West L.A. at 14.9 percent, a less than one percent dip from the prior quarter. Four out of five significant leases last quarter were in Century City, and all were renewals.

Irvine Company’s portfolio spans Southern California, Silicon Valley, Chicago and New York.

Neither Irvine Company nor Evoke responded to a request for comment.