As office space rates climb in the business centers of West Los Angeles, a number of companies are looking at El Segundo as a new home, the Daily Breeze reports.
The most recently available numbers show that the supply of office space and commercial real estate as a whole in Los Angeles is declining, which brokers and analysts say propels the shift.
June’s Allen Matkins/UCLA Anderson Forecast Commercial Real Estate Survey – its first survey – said that the office space squeeze is expected to continue through 2010, until new construction has caught up with demand.
Disparities in price and availability between the South Bay and West Los Angeles sub-markets are among the trends that seem to be inspiring the moves, real estate professionals say.
