Marina Del Rey Office Space and Property Rental Market
Marina Del Rey is a city located in West LA, close to cities in Santa Monica, Playa Vista, and Brentwood. The city has a total of 1,168,672 square feet existing office inventory with a vacancy rate of 6.2%. This means that for every 100 offices, there are 6 offices available for lease. The average office lease rates for Marina Del Rey ranges from $4.90 to $5.14 per square feet - the price depends if you are looking for Class A or B. Los Angeles, California’s leasing activity is expanding due to the high demand of tech, media and coworking entities. Vacancies in Los Angeles has tightened and absorption gains exceeded new construction deliveries. The cities with high leasing momentum are in West LA, South Bay, and Los Angeles North.