Century City tops Los Angeles office market with unmatched rental growth

• While office leasing activity across Greater Los Angeles remains challenged, West Los Angeles' premier submarkets are showing early signs of stabilization and resilience. Notably, Century City has emerged as the top-performing office submarket on the West Coast, due to increased leasing volume and asking rents.
• As of Q2 2025, Century City’s average base rent reached $80.42 per square foot, marking a significant $25 increase since Q1 2018. This represents the largest rental gain of any office submarket in California, where demand has been driven by many large office occupiers moving locations from Downtown LA to Century City.
• In contrast, both Santa Monica and Beverly Hills have experienced modest rent declines, currently averaging $64.70 and $57.19 per square foot, respectively. Landlords in these areas are increasingly adjusting asking rents downward to compete for tenants and backfill vacancies. Century City continues to command premium rents due to its concentration of Trophy and Class A high-rise buildings, extensive amenity offerings, and strategic location in a more suburban setting that aligns with post-pandemic employee preferences for shorter commutes and high-quality environments.

Los Angeles
Sebastian Bernt