Century City Office Space

Century City

Office Space Market Report

Number of Listings (last 90 days)
15
Median Rate ($/sqft/yr)
$63
Median Size (sqft)
7,790
As of: August 19, 2017

Century City Rates

The typical asking rate per listing is in the $60's per square foot per year. The Century City submarket is going through a decline in rates. In the last 3 months, the median rate fell $17 per sqft per year. That's a 21% decrease in rent.

Century City Listing Supply

In the last 90 days, 15 listings have been made available, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 87% of the available space in the Century City are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 7,790 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are around 26 floors. Most buildings in this region were built in 1974 and are Class A.

Century City Community

This market is fairly equally mixed residential and commercial. Professional services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Century City occupants. 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