Commercial Real Estate Market in West Los Angeles, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
6,656 active listings and 85,356 off-market properties in West Los Angeles, CA. Commercial property asks $363/SF to buy and $27.92/SF/Yr to lease.
Market Trends
West Los Angeles, CA spans 2.6 square miles in Los Angeles County, California. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in West Los Angeles, 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 West Los Angeles, CA asks $21.65/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 West Los Angeles, 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 West 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
West Los Angeles, CA has 45,466 residents in 24,965 households. Density runs 17,824 people per square mile. Median household income here is $104,627 and median gross rent $2,465 a month.
45,466
Population
24,965
Households
1.8
Avg Household Size
36
Median Age
70%
College-Educated
95%
High-School Grad
2.6 sq mi
ZIP Area
17,824
Density / Sq Mi
$104,627
Median Household Income
$70,713
Median Earnings
$2,465
Median Rent
$1,081,400
Median Home Value
Tools
Lease vs Buy Breakeven
At $27.92/SF/Yr lease vs $363/SF buy → buying wins if held > 2.5 years.
The comparison uses county-wide sale comps against West 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 |
|---|---|---|
| Santa Monica | $363 (county avg) | $12.88 |
| Marina del Rey | $363 (county avg) | — |
| Beverly Hills | $363 (county avg) | $65.93 |
| Culver City | $363 (county avg) | $25.60 |
Commercial property in West Los Angeles, CA asks $363/SF. The 4 bordering markets run from $363/SF in Santa Monica to $363/SF in Santa Monica, 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 West Los Angeles?
Commercial property in West 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 West Los Angeles?
Asking lease rates in West Los Angeles, CA average $27.92 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 West Los Angeles?
Buying beats leasing in West Los Angeles, CA if the property is held longer than 2.5 years, comparing $27.92/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 West Los Angeles compare to nearby markets on price?
West Los Angeles, CA asks $363/SF against $363/SF in Santa Monica, $363/SF in Marina del Rey, $363/SF in Beverly Hills and $363/SF in Culver City.
Where does Realmo's West Los Angeles market data come from?
Realmo compiles West Los Angeles, CA figures from 8 recent recorded sales, 4,910 active sale listings, 1,746 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 4,910 active for-sale and 1,746 active for-lease listings in West 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, 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 · How Realmo checks market page data · Report a data issue
