West Los Angeles

Century City is a 176-acre commercial and residential district in West Los Angeles nationally recognized as a premier business location for entertainment, professional services, and law firms.

Century City is a prominent business community comprised of major industry sectors: legal, financial, entertainment, hospitality, medical, professional and retail services. While Century City is not its own city, it is a neighborhood of Los Angeles. Major avenues, boulevards and streets include Pico Blvd., Santa Monica Blvd., Avenue of the Stars, Century Park East, Century Park West and Constellation Blvd. Key Highlights include:

Century City contains approximately ten million square feet of Class A office space.

Major freeways neighboring Century City include Interstates 10 and 405. Main thoroughfares include Wilshire Blvd, Santa Monica Blvd, and Avenue of the Stars.

The submarkets attracts a wide-array of tenants from a variety of industries including: financial services firms; entertainment; legal firms; medical; and retail.

Demographics in the surrounding area are exceptional. Neighborhood boundaries are Westwood (on the west); Rancho Park, Beverlywood and Cheviot Hills (on the south); and Beverly Hills (to the east and north).

Century City has been built into one of Los Angeles’ most prestigious business communities.

Overview Map Of Madison Partners Century City Sales Transactions

    Century City Market Details

  • The Century City Office Submarket is one of twelve (12) Westside Office Submarkets, contains approximately 11,537,994 rentable square feet of commercial office space located within 38 buildings of Class “A” and “B” and “C” quality
  • As of the end of the First Quarter of 2014, the Century City submarket exhibited a direct vacancy rate of approximately 12.2% and an overall vacancy rate of 13.3%
  • First Quarter of 2014 direct vacancies totaled 1,418,262 rentable square feet, with an additional 123,407 rentable square feet of sublease space. This is a combined total of 1,541,668 rentable square feet of available office space
  • Overall Q1 2014 net absorption was positive 142,758 rentable square feet, with approximately 0 square feet of new construction of office space underway
  • First Quarter 2014 Overall Average Asking Rents in Beverly Hills were $3.80 per rentable square foot, full service gross for Class “A” buildings

Market data provided by The Costar Group

Century City Demographics
2014 Population Estimate: 33,044
2019 Population Estimate: 34,642
Median Household Income: $95,085
Median Home Value: $946,508
Average Household Size: 2.00
Average Population Age: 44.30

Madison Partners Century City Case Studies