West Adams Commercial Real Estate Lease Rates for 2019
West Adams Commercial Real Estate Lease Rates for 2019
The West Adams Commercial Real Estate Lease Rates for 2019 rates rose steadily from 2018 driven by the creative and tech community relocating from pricier Culver City and Downtown LA, as well as the rise of the overall Greater Los Angeles Commercial Real Estate Market increasing monthly rental rates across the board. Much of the South LA area also is designated as an Opportunity Zone which is boosting investment and lease rates across all property types.
The following summary report shows the 2019 lease rates of office, retail, and industrial/flex properties as reported by CoStar. These properties in West Adams Mid City 90016 represent the top 3 highest price per square foot leased spaces for this year for each property category.
Highlights
In 2019, the highest rental rates in West Adams, Mid City, Los Angeles 90016 are over $4 per square foot per month and tend to be adjacent to the Culver City Hayden Tract area. The Cumulus mixed-use project at La Cienega and Jefferson is a 1200 unit juggernaut that creates a major center for residential, office, and retail. Sweetgreen relocated its headquarters from the Platform in Culver City to a 50,000-square-foot space at 3101 Exposition Boulevard in West Adams. Sweetgreen is an American fast casual restaurant chain that serves salads and has over 90 locations across the country.
Contact Jon Varsano about additional information regarding leasing or renting commercial property in the West Adams area.
The rental rate per square foot for West Adams Commercial Real Estate for retail, office, industrial, and flex properties is a low of $1, a median of $2.55, and a high of $4.77 in 2019.
The properties that leased at the highest rates are as follows:
3338-3350 S. La Cienega Pl, Los Angeles CA 90016
- Rental Rate ($/SF/Mo): $4.77
6050-6056 W. Jefferson Blvd, Los Angeles CA 90016
- Rental Rate ($/SF/Mo): $4.75
3211 S. La Cienega Bl, Los Angeles CA 90016
- Rental Rate ($/SF/Mo): $4.65
3129 S. La Cienega Bl, Los Angeles CA 90016
- Rental Rate ($/SF/Mo): $3.75
5930 Jefferson Blvd, Los Angeles CA 90016
3633 Lenawee Ave, Los Angeles CA 90016
- Rental Rate ($/SF/Mo): $3.65
