The Westside market cluster of Los Angeles is comprised of trophy office properties that are highly sought after by investors ranging from high-net worth individuals to publicly-traded REITs.
In this article, we drill down into the 2015 Westside office transactions and attempt to visualize where the office investment activity is concentrated, and what can be learned.
- 2015 Westside office transactions: 62
- Approximately 3.85 million SF has traded
- Santa Monica leads the Westside markets with 14 office transactions
- Average $/SF of Westside office properties traded is roughly $660
2015 Westside Office Sales Activity Heatmap
This heat map shows the density of Class A and Class B office properties that have sold in 2015.
The concentration of activity, as shown by red highlights on the map, indicates Santa Monica and Beverly Hills as the stand-out markets for office deals.
2015 Westside Office Sales Heatmap Weighted For $/SF
This heat map places priority on price per square-foot of office properties sold in 2015.
Beverly Hills has commanded the highest price per square-foot on the Westside, followed by Santa Monica.
