Commercial Real Estate Market in Los Angeles, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
6,389 active listings and 85,356 off-market properties in Los Angeles, CA. Commercial property asks $363/SF to buy and $27.84/SF/Yr to lease. Retail vacancy runs 6.2%, the loosest of the segments tracked here.
Market Trends
Los Angeles, CA spans 223.0 square miles in Los Angeles County, California. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Los Angeles, CA asks $23.81/SF/Yr to lease and $305/SF to buy. Vacancy runs 20.8% across the West region in 2025, up from 11% in 2019.
Retail
Retail space in Los Angeles, CA asks $24.45/SF/Yr to lease and $510/SF to buy. Vacancy runs 6.2% in 2025, up from 5.7% in 2019.
Industrial
Industrial vacancy in Los Angeles, CA runs 4.6% in 2025, up from 1.8% in 2019. Nearly 5.1x the 2021 low of 0.9%.
Vacancy Rate %
Multifamily
Multifamily space in Los Angeles, CA asks $330/SF to buy. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Market overview
Demographics & Economy
Los Angeles, CA has 2,479,392 residents in 1,002,112 households. Density runs 11,118 people per square mile. Median household income here is $75,349 and median gross rent $1,803 a month.
2,479,392
Population
1,002,112
Households
2.5
Avg Household Size
36
Median Age
36%
College-Educated
75%
High-School Grad
223 sq mi
ZIP Area
11,118
Density / Sq Mi
$75,349
Median Household Income
$44,382
Median Earnings
$1,803
Median Rent
$984,427
Median Home Value
Tools
Lease vs Buy Breakeven
At $27.84/SF/Yr lease vs $363/SF buy → buying wins if held > 2.5 years.
The comparison uses county-wide sale comps against Los Angeles asking rents, so the implied 7.7% gross yield is computed off asking rents rather than a closed-deal cap-rate benchmark. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Huntington Park | $363 (county avg) | $22.09 |
| South Gate | $363 (county avg) | — |
| Vernon | $363 (county avg) | — |
| Bell | $363 (county avg) | — |
Commercial property in Los Angeles, CA asks $363/SF. The 4 bordering markets run from $363/SF in Huntington Park to $363/SF in Huntington Park, and the city sits in line with their $363/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Los Angeles?
Commercial property in Los Angeles, CA asks an average of $363 per square foot. The 6 most recent recorded sales traded at a median of $221/SF, so asking sits 64% above the achieved median. Retail carries the highest asking price at $510/SF.
How much does it cost to lease commercial space in Los Angeles?
Asking lease rates in Los Angeles, CA average $27.84 per square foot per year. Office asks $23.81/SF/Yr as of Q2 26, down from $31.18/SF/Yr in Q1 26.
Which property type has the lowest vacancy in Los Angeles?
Industrial has the lowest vacancy in Los Angeles, CA at 4.6%, inside a 0.9–4.6% band since 2019. For comparison: office 20.8% (West), retail 6.2% and multifamily 8.6% (West).
Is it cheaper to lease or buy commercial space in Los Angeles?
Buying beats leasing in Los Angeles, CA if the property is held longer than 2.5 years, comparing $27.84/SF/Yr asking rent with $363/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
How does Los Angeles compare to nearby markets on price?
Los Angeles, CA asks $363/SF against $363/SF in Huntington Park, $363/SF in South Gate, $363/SF in Vernon and $363/SF in Bell.
Where does Realmo's Los Angeles market data come from?
Realmo compiles Los Angeles, CA figures from 8 recent recorded sales, 4,638 active sale listings, 1,751 active lease listings, 85,356 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4,638 active for-sale and 1,751 active for-lease listings in Los Angeles, CA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- the lease-vs-buy comparison mixes county-wide sale comps with city asking rents, office vacancy is reported at West region level and multifamily vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
