Los Angeles, CA office market
Office space in Century City.
Century City sits between Beverly Hills and West LA on a 176-acre former 20th Century Fox backlot. Inventory is ~12 million square feet, dominated by trophy Class A towers including 1900 Avenue of the Stars, Century Plaza Towers, the new One Westside Pavilion redevelopment, and 2000 Avenue of the Stars. Class A asking rents run $75–$100/SF (FSG), with trophy floors at $95–$130/SF — the highest sustained pricing in greater LA.
Century City is the home submarket for Hollywood's talent agencies (CAA, WME, UTA), top-tier Big Law (Latham, Sidley, O'Melveny, Munger Tolles, Skadden), and entertainment finance. The tenant mix is uniquely white-collar and recession-resistant, which is why the submarket has held rents better than DTLA, Hollywood, or even Beverly Hills post-COVID.
The trophy stock is dense. 1900 Avenue of the Stars (CAA HQ), 2000 Avenue of the Stars, 10100 Santa Monica, and the recently delivered Century City Center form the Class A core. The big news of the 2020s has been Hudson Pacific's redevelopment of the Westside Pavilion mall into office (the One Westside / Google project), which adds 600,000 SF of trophy office to the immediate adjacent area.
Tenants moving to Century City should benchmark hard against Beverly Hills and Santa Monica (which we cover separately). Beverly Hills is cheaper per square foot but has smaller floor plates; Santa Monica is more tech-creative; Century City is the law-and-finance bullseye. For a 25,000+ SF tenant, Century City typically wins on building quality and amenity stack.
Market snapshot
By the numbers
- Inventory
- ~12M SF
- Class A asking rent
- $75–$100/SF (FSG)
- Trophy asking rent
- $95–$130/SF (FSG)
- Availability rate
- 13–16%
- Typical free rent
- 8–12 months on 7–10yr lease
- Typical TI allowance
- $90–$130/SF
Deals tracked
-
Avg rent
-/SF
Avg TI
-/SF
Median deal
-K SF
Notable buildings
- 1900 Avenue of the Stars (CAA)
- Century Plaza Towers
- 2000 Avenue of the Stars
- Century City Center
- One Westside (Hudson Pacific / Google)
Broker perspective
Century City landlords have historically been disciplined on free rent and TI, even in soft markets. The tenant base is sticky (lawyers move addresses every 15–20 years, agents chase prestige), so landlords don't need to discount aggressively to fill space. Realistic concessions are 8–12 months free rent and $90–$130/SF TI on a 7–10 year deal — don't expect Manhattan-grade stretches here.
Frequently asked
People also ask
Why is Century City so expensive vs. other LA submarkets?
Tenant mix. Talent agencies, Big Law, and entertainment finance have higher rent tolerance than tech or media-creative tenants, and they cluster here. Building quality is also genuinely high-end — Class A in Century City rivals Manhattan trophies.
Is Century City worth the premium over Beverly Hills?
For larger tenants (25,000+ SF), usually yes. Century City has more continuous large floor plates and trophy product. Beverly Hills favors smaller boutique tenants in older lower-rise stock at slightly lower rents.
What's commute like to Century City?
Hard. Limited transit access (the D Line / Purple Line extension to Westwood is the relief but won't fully serve Century City). Most tenants drive; parking is included with most leases at 2–3 stalls per 1,000 SF. Rideshare and the Expo Line (terminating in Santa Monica) handle some volume but not enough.
What floor sizes are typical in Century City?
20,000–40,000 SF per floor in the Class A trophies. Smaller boutique buildings (older 10–15 story) deliver 10,000–18,000 SF floors. For tenants needing 50,000+ SF, Century City delivers larger continuous blocks than any other LA submarket.
Related submarkets
Beverly Hills
Beverly Hills is LA's boutique-prestige submarket — lower-rise older trophy stock, smaller floor plates, premium addresses for entertainment, finance, and family offices.
Santa Monica
Santa Monica is LA's tech-creative beachfront submarket — lower-rise creative office stock, ocean access, the Silicon Beach core anchor.
Downtown LA (DTLA)
DTLA is the historic CBD of Los Angeles — the Bunker Hill towers, Financial District, and the Arts District redevelopment, with rents 30–40% below Westside markets.
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