Torrance Office Market

torrance-office-space-market
Torrance Commercial Office Market continues to boom as vacancy rates fall to under 10% and rates continue to increase

Torrance Office Space Market

Falling Vacancy & Increase Rates To Continue in 2018

The commercial large office space and small office space landscape has become increasingly sturdy in Long Beach. According to Beacon Economics,  Long Beach Office market has seen a rise in activity in the Class B market, which is pushing up rents.  Since late 2016, Class B office lease rates have increased by 10% with an overall increase by 6%. A comparison of the Long Beach commercial office market with Orange and Los Angeles counties show that the 92% occupancy rate of Long Beach is signifiantly higher. Rents, on the other hand, are considerably lower.   

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Featured Office to Lease in Torrance

At Parker Advisors we like to think of attractive to capital with its recent creative reposition. Creative office rents in this market are about 20% higher than traditional office space, and the Torrance submarket is significantly more economical than other nearby locations such as El Segundo. The per square foot difference between the El Segundo and Torrance submarkets has never been greater, and capital is recognizing that.”
western-way-torrance

1899 Western Way

  • 2.50 FSG
  • onsite bank
  • Free Parking
  • Class A
  • On-site Management

Del Amo Crossing

  • 21515 Hawthorne
  • 3.05 FSG
  • Repositioned Project
  • Newly Renovated Campus
  • New 24-hour Fitness
  • New elevators
  • Open walkways, good parking
  • Newly Renovated Int & Ext
Hamilton-office-space-torrance

19701 Hamilton

  • New Ownership
  • Newly Remodeled
  • 13’ Ceiling Heights
  • Food Trucks
  • Conference Center
  • Outdoor Patio

Pacific Gateway

  • 19191 S. Vermont
  • 2.75 FSG
  • Modern lobby and Exterior Renovations 
  • 24 HR Onsite Security
  • On-Site Deli
  • On-Site Management

Gateway Towers

  • 99 W. 190th 
  • Well Landscaped 
  • Two 9-Story Buildings 
  • High Identity 
  • 24 Hour On-Site Security
  • 2.75 FSG

Airport Atrium  

  • 2780 Skypark Dr. 
  • 2.75 FSG 
  • Class A 
  • Glass Enclosed Atrium Lobby
  • Lounge Areas 
  • Quality TI and Finishes Throughout 
  • Surface Parking 

Lease Rate Reduction

Rates, concessions, credits, discounts, flexibility & shifting obligations back to the landlord.

 

Protect Your Landlord Relationship

This will be preserved. Your landlord relationship does not equate to a better deal. 

Avoid Dual Agency

Your leasing office/broker for the building ‘true allegiance’ lies with the owner to increase income. They are the more lucrative client. This is an inherent conflict of interest. 

Featured Small Office Space to Lease in Long Beach

When negotiating for a small office space to lease in Long Beach, it is important to understand that significant discounts can be achieved on niche spaces. Typically we like to think of a small space user as any company with an office space need of less than 2,000 square feet. Below are some buildings that cater to smaller tenants.
555-ocean-long-beach-office-space

555 E. Ocean Blvd.

  • Attractive Lease Rates
  • 9-Stories on Ocean Blvd.
  • Tight Parking, Tenant Storage
  • Acclaimed 555 Steakhouse 
  • US Bank, FedEx, Subway
  • Good Office Space for Expansion
bixby-towers-office-space

Bixby Tower 3711 LBB

  • Excellent Ocean, LA & Mountain Views
  • 10-story in Bixby Knolls
  • Valet Parking
  • Recent Lobby Remodel & Other Improvements
  • Nearby Restaurants
  • Attractive for New Businesses
traffic-circle-office-space-long-beach

4510 Traffic Circle Office

  • Attractive Rates
  • Business Park Setting
  • Walkable Retail & Dining Amenities
  • 5 minutes to Freeway & Airport
  • On-Site LA Fitness
  • Surface & Covered Parking

Due to the skills of Scott and Jeff together, we saved money on this deal.  Their negotiations created  leverage and strengthened our position.  For a successful transaction, I would recommend their services to any company.

George Gibbons

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JOHN DOE

Long Beach Commercial Office Space Advisors

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