🚀 Century City Commercial Real Estate Snapshot | October 2025

📊 Market Highlights
Office Vacancy: ~16% (well below the LA average)

Leasing Activity: ~27% of all West LA transactions YTD — 2x any other submarket

Rental Rates: $5–$12 per SF monthly, among the highest in Southern California

🏢 Who’s Driving the Market
Office Tenants: Dominated by law firms, entertainment, private equity, media, and financial services — tenants prioritizing brand presence, security, and proximity to talent.
Retail & Hospitality: Ground-floor retail and high-end dining continue to support the daytime population and after-hours demand.

🏗️ Key Projects & Notable Deals
Century Plaza Redevelopment — The long-awaited mixed-use redevelopment continues to reshape Century City with luxury condos, hotel, and retail integration.

Fox Studios Campus Revitalization — Ongoing modernization efforts reinforce Century City’s role as an entertainment and production hub.

Avenue of the Stars Leasing Momentum — Top-tier office towers like 2000 Avenue of the Stars and Century Park East maintain strong absorption and renewal activity, driven by corporate consolidations into high-quality space.

🔭 Outlook
Century City remains one of Los Angeles’ most resilient and in-demand office submarkets, backed by:
✅ Deep corporate tenancy base
✅ Limited new supply pipeline
✅ Institutional ownership and long-term investment confidence

Despite regional headwinds, Century City’s fundamentals remain robust — supported by prestige, tenant quality, and asset performance unmatched across Los Angeles.

🚀 Beverly Hills Commercial Real Estate Snapshot October 2025

 

📊 Market Highlights

Office Vacancy: ~16.6%

Average Office Sale Price: ~$770 PSF (2024)

Retail Occupancy: ~94%

🏢 Who’s Driving the Market

Retail: Luxury, fashion, and experiential brands continue to anchor value and foot traffic.
Office Tenants: Selective demand led by law firms, creative/entertainment groups, boutique financial services, and professional firms.

🏗️ Key Projects & Notable Deals

Maple Plaza Office Sale — Kilroy Realty trades at ~$707 PSF.

Wilshire Rodeo Plaza — The Mateens’ $208M acquisition underscores the enduring strength of Beverly Hills’ retail core, even amid higher upper-floor vacancies.

Saks / Flagship Redevelopment — The revitalization of Saks’ flagship and the former Barneys site are reshaping the Rodeo Drive–Wilshire corridor with new mixed-use and flagship retail energy.

💡 Market Trends to Watch

1️⃣ Flight to Quality

Tenants are targeting Class A and landmark buildings that stand out through prestige, amenities, and security.

2️⃣ Adaptive Reuse Momentum

With leasing headwinds, some owners are exploring office-to-hospitality or mixed-use conversions, leveraging Beverly Hills’ premium land values.

3️⃣ Retail as the Backbone

Luxury and experiential retail continue to outperform — maintaining top rents and minimal vacancy.

4️⃣ Constrained Supply

Tight zoning and scarce land keep new development limited, sustaining pricing power for premium assets.

5️⃣ Compressed Cap Rates

Core and trophy properties remain highly sought-after, with low-to-mid single-digit cap rates.

6️⃣ Incentives Still in Play

Landlords (especially non-core) are using abatements, TI packages, and flexible terms to compete for tenants.

🔭 Outlook

Beverly Hills continues to outperform most LA submarkets, thanks to:
✅ Deep-rooted luxury retail strength
✅ Institutional ownership and asset quality
✅ Limited supply pipeline

While broader headwinds persist — rising vacancies and selective demand — Beverly Hills’ fundamentals remain resilient. The combination of scarcity, prestige, and investor demand continues to support long-term stability.

🚀 Santa Monica Commercial Real Estate Snapshot | October 2025

 

📊 Market Highlights

• Office Vacancy: ~18–20% (up slightly Y/Y, but outperforming most of LA’s Westside)

• Average Office Rents: $4.75–$8.50 per SF monthly, depending on class and proximity to the coast

• Retail Occupancy: ~92% (bolstered by tourism, dining, and lifestyle retail)

🏢 Who’s Driving the Market

Office Tenants: Core demand continues from tech, media, entertainment, gaming, and venture-backed firms. The market remains the creative heart of LA’s “Silicon Beach.”
Retail: Mix of experiential, coastal lifestyle, and luxury brands, alongside strong food-and-beverage operators and boutique hospitality concepts.

🏗️ Key Projects & Notable Deals

• Colorado Creative Campus (Google Campus) — Google’s long-term footprint continues to anchor the eastern edge of downtown Santa Monica, reinforcing its role as a tech hub.

• The Park at Santa Monica (Lincoln & Colorado) — New mixed-use office and retail development drawing high-end creative tenants.

• Santa Monica Place / Promenade Revitalization Efforts — Repositioning and adaptive reuse efforts are underway to reinvigorate the 3rd Street Promenade with experiential retail and entertainment.

💡 Market Trends to Watch

1️⃣ Creative Office Demand Remains Resilient

Even with some vacancy, tenant interest in creative layouts and adaptive reuse buildings stays strong, particularly near the beach and transit hubs.

2️⃣ Tech & Media Consolidation

Several tech and entertainment firms are right-sizing footprints but upgrading to higher-quality, amenities buildings — a continuation of the “flight to quality” seen across West LA.

3️⃣ Retail + Experience Integration

Retail thrives when paired with experiential and hospitality uses. Santa Monica’s visitor economy continues to drive F&B and entertainment leasing.

4️⃣ Adaptive Reuse Momentum

Older office assets are being reimagined as boutique hotels, co-working, and hybrid live-work spaces, responding to both tenant demand and zoning flexibility.

5️⃣ Investor Interest in Mixed-Use Assets

Institutional investors are targeting mixed-use coastal assets with strong long-term fundamentals and stable rent rolls.

6️⃣ ESG & Sustainability Focus

Santa Monica remains ahead of most LA markets in green building standards, energy efficiency, and wellness-focused design.

🔭 Outlook

Santa Monica remains a core creative and coastal hub, underpinned by:
✅ Strong live-work-play environment
✅ Diversified tenant base (tech, media, and entertainment)
✅ High barriers to new supply

While office absorption remains cautious, Santa Monica’s fundamentals are supported by location, lifestyle, and long-term tenant appeal. Expect continued stability and selective growth in high-quality, creative, and mixed-use assets.