X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Steve Bay Steve Bay

The Century City office market has shrinking vacancy rates and rapidly rising rents, thanks to overflow demand from surrounding markets. The class-A high-rise market has been able to attract a mix of both traditional and creative tenants, and has seen rental rate increases upwards of 20% as a result. Century City, however, wasn’t always a thriving office market. It was the beneficiary of rising demand in the Santa Monica and Beverly Hills markets and a dearth of quality office supply.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

More from this author

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.