Market Report
Long Beach office real estate market
Long Beach office splits into two markets: downtown towers and the suburban buildings around them. Here is where each stands today and what it means for landlords, tenants and buyers.
Market snapshot
Where Long Beach office stands.
Downtown Long Beach carries far more empty space than the surrounding suburban buildings, and both rent for less than the Los Angeles average.
Numbers move every quarter, so treat these as a starting point. I can pull current comparables for your building or your search.
Long Beach office, Q3 2026
Downtown direct vacancy: 17.3%
Downtown average asking rent: $2.79 per SF per month, full service
Suburban direct vacancy: 10.9%
Suburban average asking rent: $2.95 per SF per month, full service
Los Angeles overall: 16.4% direct vacancy, $3.50 full service
Source: Kidder Mathews, Los Angeles Office Market Report, Q3 2026
What it means for you
Landlords, tenants and buyers.
If you own
Suburban buildings are tighter than downtown and than the county as a whole, so a well-kept, well-located building can hold its position.
Downtown owners compete on rent, concessions and building quality, so pricing needs to be realistic.
If you lease
With high downtown vacancy, tenants have room to negotiate on rent, free rent and tenant improvements.
Compare downtown and suburban options side by side. The rent gap is small, and the buildings are very different.
If you buy
Owner-users can weigh buying a small office building or condo against rent, including SBA 504 financing.
Investors should look hard at lease rollover and what it will cost to re-tenant.
Keep reading
Related pages.
Thinking about a move in Long Beach?
Let's talk about your office property.
Whether you are leasing, selling or buying office space in Long Beach, call or send a message and I will walk you through your options.