The nation’s most diverse and most populous county covers 4,083 square miles and has a population of nearly 10,000,000; offering office space for rent in its 88 incorporated cities, as well as in its unincorporated areas. Businesses from any industry can confidently find a niche in Los Angeles County, California, which boasts a $575 billion dollar economy and 5,000,000 strong workforce. Creative firms seeking to lease in Los Angeles County will find the creative economy very attractive, as it employs 304,000 people, and features many major entertainment studios. Tourism for the entertainment industry is impressive, as more than 25 million people flock to Los Angeles County to see the “stars” annually. Los Angeles County’s rental properties in the fashion industry are also in high demand, as the county tops the nation in apparel manufacturing. The 90 square-block fashion district is the hub of the country’s apparel industry, employs 73,500, and generates $60 billion annually. Three of the nation’s top ten engineering design firms are found here, and technology firms are beginning to flock to the county from saturated markets on the west coast, such as San Francisco and Seattle.
A recovering job market has resulted in a 2.2% gain in employment from the previous year, and a falling unemployment rate. Largest job gains are in leisure/hospitality, healthcare, and construction. International trade remains strong, in part due to Los Angeles County’s two container ports, which are the two largest in the nation. The technology industry has helped edge job growth up, as tech companies seek to capitalize on creative growth in the county. All indicators point to growth in the local economy.
Los Angeles County has something for everyone between its renowned cultural destinations, glamorous star power in Hollywood and Beverly Hills, and varied natural topography. Some of the finest museums are found in the county, including the Getty Museum the Los Angeles County Museum of Art, the La Brea Tar Pits, and the Ronald Reagan Presidential Library & Museum. Entertainment destinations include Hollywood, Rodeo Drive, Universal Studios, and Beverly Hills, for those who enjoy movies and movie stars. Los Angeles County boasts twenty beaches along its 75 mile coast, rugged San Gabriel Mountains with many hiking and biking trails, and the two islands of San Clemente and Santa Catalina as popular tourist attractions.
Los Angeles County is considered to be a great commercial real estate value, especially as compared to such high-rent areas as San Francisco, Seattle, and New York City. There are countless commercial offerings, whether in the Los Angeles, Long Beach, Glendale, Santa Clarita, or any of the other 88 incorporated cities where firms can find excellent deals and superb locations.
Real time and historical data on commercial real estate listings in Los Angeles County.
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