Century City Office Space

Century City

Office Space Market Report

Number of Listings (last 90 days)
32
Median Rate ($/sqft/yr)
$75
Median Size (sqft)
4,430
As of: December 8, 2016

Century City Rates

The typical asking rate per listing is in the $70's per square foot per year. The Century City submarket is going through a a boost in rates. In the last 3 months, the median rate went up $16 per sqft per year. That's a 27% rise in rent.

Century City Listing Supply

In the last 90 days, 32 listings have been made available, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 16% of the office spaces in the Century City are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 4,430 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 26 stories. Most buildings in this area were built in 1972 and are Class A.

Century City Community

This market is fairly equally mixed residential and commercial. Professional services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Century City residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Century City.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Century City.
Research