El Segundo sits on the north side of LA’s appealing South Bay area. The city has long been a center for innovation in the Southland where many cutting-edge technologies in aerospace and other forward-thinking industries have entered the marketplace. Now a well-blended combination of companies from a variety of sectors, El Segundo mixes beaches, a relaxed coastal vibe, and a range of businesses trying to take advantage of its unique qualities.
The TenantBase team of commercial real estate advisors has the first-hand experience and in-depth expertise to guide your search for new office space in this attractive LA submarket. Our unique insights can help ensure your company’s new home in El Segundo leverages everything that makes this beach city such an attractive destination within the Greater Los Angeles area.
Office Space in El Segundo
Many medical companies and law firms gravitate towards El Segundo along with several restaurants, retail outlets, and a large number of industrial firms. Raytheon has a massive footprint in the city with a campus that occupies over 1.8 million sq ft of office space and approval to build 2 million more.
Companies will find a mix of high-rise, retail, industrial, and a rapidly growing inventory of coworking space in El Segundo. The city’s short 5 to 10-minute drive to LAX makes industrial space especially in-demand as the slighter availability and higher rents attest. El Segundo’s several high-rise properties cluster along PCH and have the highest price points of all the different office space types in the city. Commercial space averages about $4.00/sq ft across the city and typically near 2,000 sq ft in size.
Parking is varied in El Segundo and depends on the location and property type. The town itself offers a significant amount of street parking as well as numerous smaller street lots. All of the high-rise complexes feature onsite parking that includes validated parking for guests while most of the coworking and creative sites offer surface parking lots.
The entire South Bay area of LA has seen a number of new real estate developments in recent years with El Segundo being no exception. The Smoky Hollow development is indicative of the direction that much of the city’s commercial market is heading. The project rests on 120 acres adjacent to the refinery fields and is geared towards attracting younger, creative companies. The city projects as much as 3 million sq ft of additional office, industrial, and public facility space in Smoky Hollow through 2040.
Working in El Segundo
Both the 405 and PCH can get congested during the morning and evening rush hours but street traffic in El Segundo is light in comparison to most other areas in the region. Workers in the city also have access to the many MTA and Beach Cities Transit bus routes as well as the Metro Green Line light rail system. The El Segundo Station’s Park & Ride lot is particularly popular with the workforce and a powerful draw for talent into the city’s businesses.
The city’s many amenities are another reason why El Segundo companies are able to appeal to talent from across the South Bay, Orange County, and much of the Greater Los Angeles area. The area’s beautiful beaches and relaxed atmosphere are what many think of when picturing LA. Employees also have convenient access to several restaurants and shopping outlets that range from high-end to boutique. The Point is an especially popular location with a variety of dining options, breweries, retail, and lush landscaping to only further enhance El Segundo’s easygoing personality. With countless amenities, a robust economy, and a prime location in LA’s South Bay, El Segundo will continue to attract a variety of companies and industries well into the future. TenantBase’s expertise in this appealing and dynamic LA submarket can help you locate the ideal office space for your company and its vision.