A guide to flex space, including executive suites and self-contained furnished private offices, and office space for rent in Los Angeles, plus general information that may be useful if you are considering renting office space in LA.
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City of Angels
Now one of the biggest and best-known cities in the world, Los Angeles’ inhabitants could be counted in the hundreds as recently as the early 19th century, and the area was part of the Spanish Empire for much of its early history. Having come under the control of Mexican armies in the 1820s, the fledgling city became the capital of Alta (Upper) California and was on the winning side in the ensuing Mexican-American War.
As with any city that sprang up as dramatically as Los Angeles did in the 1800s, the City of Angels needed extensive infrastructure and engineering investment. Establishing rail links and water supplies were particularly crucial, and massive developments were made to this end within just a few decades – a process helped and partially motivated by the discovery of oil in the area in 1892.
With a population of around 100,000 by 1900, the city soon became the most important on the West Coast and one of the most dynamic in the US and the world. During the 20th century, Los Angeles became a global nucleus of international trade, technology and aerospace, and home to American cinema that was and still is being exported around the world from in and around the Hollywood Hills.
Creative Capital
If any place on earth demonstrates the value of creativity, it is surely Los Angeles, California. It is a Mecca for artists, writers, film-makers, dancers and entertainers of every sort possible and has been so for many years. Hollywood is quite simply the home of moviemaking in America, and the city has perfected the art of large-scale film production and distribution.
The Sundance Institute, founded by screen legend Robert Redford in 1981 to discover, support, and inspire independent film, theatre, and media artists, for instance, has had a presence there for decades.
Beyond exporting Hollywood blockbusters, the city is a hotbed of talent in other artistic areas, from opera and classical music to comedy, hip-hop, and jazz.
Megacity
With roughly 3.8 million inhabitants in 2025, the city of Los Angeles is the heartbeat of the Californian economy and one of the most economically active cities in the U.S. Millions more people live in the areas surrounding the city, which help to make the state as a whole one of the largest economies in the world and a source of strength for the American economy. An estimated 12,678,000 people lived in the Los Angeles Metropolitan Area in 2025. California had a population of circa 39,593,000 in 2025.
The areas covered by the Los Angeles authorities stretch over more than 350 square miles, famously bisected by the hills of the San Fernando Valley and the Los Angeles River, which flows from the mountains to the Pacific Ocean at Long Beach.
Economy
There’s no doubting that the financial capital of the US is over on the east coast in New York, where the bulk of America’s great banking institutions have their headquarters, but LA has been a serious player in the sector for decades and continues to be the home of the City National Bank and the Capital Group, among others.
Another major contributor to the Californian and the American economy is the international trade that heads in and out of its Pacific coastline. All manner of foods, goods, and pharmaceuticals ship out from the local port, but trading on its status as the entertainment capital of the world really defines the economic advantage California has maintained. And LA isn’t just the movie business where it excels. It is also a leading producer of blockbuster television series, computer games, recorded music, luxury-brand fashion, and cosmetics.
Los Angeles County had a GDP of over $1 trillion ($1,002,965,029) and contributed close to a quarter of California’s GDP and almost 4 percent of the nation’s GDP in 2024.
It ranked second among all U.S. counties for GDP in 2024 (first in 2023). In real 2024 GDP dollars (measured consistently from 2017 dollars), Los Angeles County alone has a larger economic output than all but five U.S. states (California, Texas, New York, Florida, Illinois). If Los Angeles County were an independent nation, among 218 reporting national economies, it would rank as the world’s 20th-largest economy. It had a larger GDP than either Switzerland, Poland, Taiwan, Belgium, Ireland, Sweden, U.A.E, Singapore, Israel, Thailand, Austria or most other countries.
It was also reported that in 2024, California was the world’s fourth-largest economy. It ranked only behind the U.S., China, Germany, and India.
Office Space for Rent in Los Angeles
In 2013, millions of square feet of office space were available for rent in Los Angeles, and much of it was available at worthwhile rates because demand across America had dipped following the financial crisis of late 2008. It had been a tough and generally conservative few years for commercial real estate investors on the West Coast, but CBRE, headquartered in its own Los Angeles office, stated at the time that office space markets in Los Angeles, along with those in other major American cities, were near the bottom of their respective rental-decline cycles.
Leasing activity across the Los Angeles office market increased in Q4 2025, contributing to a full-year volume of 14.3 million square feet, the highest level recorded since the pandemic and up 600,000 square feet from 2024.
Activity was well below the 17.9 million-square-foot annual total reached in 2019, but the trend continues upward.
Q4’s largest transaction was Farmers Insurance’s 251,774-square-foot headquarters lease renewal at 6301 Owensmouth Avenue in the West San Fernando Valley – this was a notable recommitment after the full building had previously been marketed for sublease.
The second-largest deal of the fourth quarter was United Talent Agency Business’s 193,591-square-foot renewal at 9336-9346 Civic Center Drive in Beverly Hills.
The third was Northrop Grumman’s 124,400-square-foot renewal at 3701 Doolittle Drive in South Bay
The overall average asking rent rose to $43.65 per square foot in the fourth quarter, up 2.0 percent year over year. Sublease availability began to decline in Q4, contributing to upward pressure on average asking rents.
The most expensive location in the county for office space was Downtown Los Angeles (DTLA), where Class A asking rents settled at $49.22 per square foot per annum.
In the first quarter of 2026, LA’s total availability had reduced 0.3 percent quarter-on-quarter to 24.0 percent.
In Q2 2026, leasing activity across the LA office market totaled just under 4 million square feet, increasing by 14.6 percent quarter-on-quarter and 7.8 percent year-on-year.
Quarterly leasing activity approached levels last seen in 2019, largely driven by a resurgence of deals completed in Downtown LA, including LA28’s 57,512-square-foot and AMWins Insurance Brokerage’s 54,216-square-foot deals.
The quarter’s largest transaction was Bank of America’s 137,873-square-foot renewal and expansion at 2049 Century Park E.
At the end of the second quarter of 2026, the availability rate in LA’s total office inventory of 214.9 million square feet was 27.9 percent.
The average asking rent in Los Angeles stood at $42.76 per square foot per annum.
As with most other major US cities, LA has a growing flex space market with providers including BizHaus, Industrious, Regus, Serendipity Labs, Spaces, The Preserve, Unita, WeWork, and Workwell providing flexible alternatives to leased office space.
These opertors and providers offer solutions including private self-contained offices and coworking spaces on short-term, flexible contracts with all-inclusive rental fees that cover overheads such as cleaning, furniture, and utilities.
Tourism and culture
The relationship between Los Angeles’s tourism industry and the culture of the people who live there is obscure from any angle. Most visitors leave happy, having seen the extravagant Hollywood veneer we all know, but the greater LA area is one of the most culturally diverse and interesting regions in the world. All of that feeds into its local cultural identity, if not necessarily what gets broadcast on television or makes it to the ‘big screen’.
The Hollywood neighborhood has been the global capital of cinema since the early 20th century, and a whole ecosystem of industry-related companies is based there.
There are plenty of other reasons to visit LA and why it is one of the most attractive and lively tourist destinations in the world. When it comes to beautiful beaches, golf courses, vineyards, restaurants, shopping districts, nightclubs, playhouses, movie theatres, spectacular weather, and a general air of excitement, few places can match Los Angeles or the Californian countryside.
Los Angeles welcomed 49.5 million visitors in 2025, generating $42.6 billion in business sales and supporting over 530,000 jobs.
Transport
Buses, trains, and subways run across the LA landscape, but they’re not an easy or efficient way to get around the city. The best way to get around is undoubtedly by car because the city is built around its road networks and can be unforgiving for pedestrians or cyclists.
Ride-sharing apps operating in LA include Alto, the all-electric Green SM, Lyft, and Uber, and, as of 2026, the robotaxi service Waymo was available in select parts of LA, including Hollywood, West Hollywood, Downtown LA, and Santa Monica.
Arriving in the city is thankfully far more straightforward than getting from one side to the other, with Los Angeles International Airport (LAX) serving 73,709,594 passengers in 2025.
Sport
David Beckham’s arrival at the LA Galaxy in 2007 helped transform soccer from a minority sport in the US, and after the USA co-hosted the FIFA World Cup in 2026, reports said the number of soccer fans in the country grew by nearly 10 million in a year to about 75 million. The 2025 season was LA Galaxy’s 30th, and they played their home matches at Dignity Health Sports Park in the Los Angeles suburb of Carson; the team finished 14th in Major League Soccer.
Old favorites like baseball, basketball, and American football take precedence for the most part.
Basketball, in particular, is a passion for millions of sports fans in LA, with the Lakers one of the most successful teams in America in recent decades. The team last won the NBA Championships in 2020.
The Dodgers are the city’s main baseball team, and they’ve won the World Series nine times, most recently in both 2024 and 2025 under manager Dave Roberts.
The National Football League (NFL) has had a long and complicated history in Los Angeles, and although it was the first city on the West Coast to host an NFL team when the Cleveland Rams moved to Los Angeles in 1946, it remained without an NFL franchise from 1995 to 2015, partly due to the lack of an adequate stadium.
In 2014, the Los Angeles Times reported that Rams owner Stan Kroenke had purchased about 60 acres of land next to the Forum in Inglewood. Kroenke subsequently announced plans to build an NFL stadium on the site, together with the owners of the adjacent 238-acre Hollywood Park site.
In January 2016, the three NFL franchises that previously played in the Greater Los Angeles Area applied to move there amid stadium issues and proposals to build new arenas in Southern California. They were the St. Louis Rams (who played in Los Angeles and Anaheim from 1946 to 1994), the Oakland Raiders (who played in Los Angeles from 1982 to 1994), and the San Diego Chargers (who had their inaugural AFL season in L.A.).
In 2026, Los Angeles has two NFL teams: the Los Angeles Rams and the Los Angeles Chargers. The Raiders became the Las Vegas Raiders, playing out of the Allegiant Stadium in Paradise, Nevada
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