Commercial Real Estate Market in Playa del Rey, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
6,368 active listings and 85,356 off-market properties in Playa del Rey, CA. Commercial property asks $363/SF to buy and $27.31/SF/Yr to lease.
Market Trends
Playa del Rey, CA spans 5.2 square miles in Los Angeles County, California. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Playa del Rey, CA asks $23.40/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 Playa del Rey, CA asks $20.18/SF/Yr to lease and $510/SF to buy. Vacancy runs 5.8% across the West region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Playa del Rey, CA runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily space in Playa del Rey, 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
Playa del Rey, CA has 41,075 residents in 23,759 households. Density runs 7,893 people per square mile. Median household income here is $122,628 and median gross rent $2,662 a month.
41,075
Population
23,759
Households
1.7
Avg Household Size
39
Median Age
72%
College-Educated
97%
High-School Grad
5.2 sq mi
ZIP Area
7,893
Density / Sq Mi
$122,628
Median Household Income
$83,140
Median Earnings
$2,662
Median Rent
$1,683,768
Median Home Value
Tools
Lease vs Buy Breakeven
At $27.31/SF/Yr lease vs $363/SF buy → buying wins if held > 2.6 years.
The comparison uses county-wide sale comps against Playa del Rey asking rents, so the implied 7.5% 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 |
|---|---|---|
| Marina del Rey | $363 (county avg) | — |
| Culver City | $363 (county avg) | $17.00 |
| Santa Monica | $363 (county avg) | $12.88 |
| El Segundo | $363 (county avg) | — |
Commercial property in Playa del Rey, CA asks $363/SF. The 4 bordering markets run from $363/SF in Marina del Rey to $363/SF in Marina del Rey, 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 Playa del Rey?
Commercial property in Playa del Rey, 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 Playa del Rey?
Asking lease rates in Playa del Rey, CA average $27.31 per square foot per year. Office asks $23.40/SF/Yr as of Q2 26, down from $31.18/SF/Yr in Q1 26.
Is it cheaper to lease or buy commercial space in Playa del Rey?
Buying beats leasing in Playa del Rey, CA if the property is held longer than 2.6 years, comparing $27.31/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 Playa del Rey compare to nearby markets on price?
Playa del Rey, CA asks $363/SF against $363/SF in Marina del Rey, $363/SF in Culver City, $363/SF in Santa Monica and $363/SF in El Segundo.
Where does Realmo's Playa del Rey market data come from?
Realmo compiles Playa del Rey, CA figures from 8 recent recorded sales, 4,626 active sale listings, 1,742 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 4,626 active for-sale and 1,742 active for-lease listings in Playa del Rey, 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, retail vacancy is reported at West region level and industrial 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
