Three Good Maps for Southbay and Torrance

Helpful maps are difficult to find on the internet. Below are three good ones. The first is a city-by-city map.  My colleague in the office added the second map which shows adjacent areas to the South Bay. And the third map shows Long Beach, Southbay and surrounding cities.

For help finding the right Torrance Office Space at the right price, please visit https://www.torranceofficespace.com

MAPS OF SOUTHBAY AND LONG BEACH

Overview of Torrance Office Space Market

New Common Area

Overview of Torrance Office Space

I wish I could give Scott a 10 star review! Professional, honest and easy going. He is savvy and hard working. One of the best commercial real estate professionals in the area.
Larry Matjika
President, MEDEX Medical

Torrance and South Bay Cities Office Market Overview

Torrance and Redondo Beach are the southernmost cities in the South Bay, while Manhattan Beach and El Segundo (LAX Area) lie to the north. The LAX Area, covering approximately 10 square miles, has seen rapid growth and strong demand. This region attracts tenants from various industries, including entertainment, tech/media, software, private equity, and financial services.

In contrast, the Torrance and Redondo Beach office markets span 25 square miles and offer significantly lower rental rates. However, some Class A and core buildings—especially in the financial district along Hawthorne Blvd, the 190th Corridor, and near Old Town—command rents of $3.50 or more per square foot.

Torrance is located at least 10 miles south of LAX and does not have direct access to the 405 Freeway. As the southernmost city in Los Angeles County, it is home to major companies such as ExxonMobil, Toyota Finance, Skechers, Honda North American Headquarters, Herbalife, Honeywell, Robinson Helicopter, Torrance Memorial, and UCLA Health.

Torrance: Competitive Office Market & Major Developments

A key feature of Torrance is the fully renovated Del Amo Fashion Center, one of the ten largest malls in the U.S. It hosts high-end luxury brands such as Tumi, Tesla, Dolce & Gabbana, Coach, and Nordstrom.

The office market benefits from The Crossing, a development that enhances the appeal of Hawthorne Boulevard and the Torrance financial district. Another significant project, The Enclave, is a major renovation along the 190th St. Corridor, near the 405 Freeway. These projects add modern features designed to attract and retain office tenants.

Unlike the LAX Area, which has been affected by the 2023/2024 downturn in tech, media, and entertainment sectors, Torrance maintains a stable office market due to its diverse mix of traditional office users. Lease rates in Torrance remain highly competitive—typically $1.50 or more per square foot lower than comparable Class A buildings near LAX.

For more insights on Torrance, visit #WhyTorrance.

Explore Torrance Office Space for a list of office buildings, amenities, and property images

Detailed Torrance Map
2nd Torrance Map

2025 Market Outlook for Torrance Office Space

The Crossing Hawthorne and Del Amo

Torrance – Today’s Market – Current State (Q1 2025)

Torrance remained a stable standout through 2024 and it looks like it will be more of the same heading into 2025, as it maintains stablility despite the broader challenges faced by neighboring areas like El Segundo and the LAX corridor. The El Segundo/LAX area saw sharp declines in demand due to layoffs, permanent telework, work-from-home trends and disruptions in the tech and media sectors. 

For over a decade, buildings in the El Segundo/LAX area commanded higher rents—sometimes $1.50 to $2.00 more per square foot than Torrance. However, the situation has changed. In El Segundo, landlords are acquiring distressed properties at large discounts and upgrading them to attract tenants while cannibalizing neighboring buildings.  Good ole stable Torrance continues to thrive with a vacancy rate below 12%.

Key areas of Torrance, such as the Hawthorne Blvd. financial district and the 190th Street Corridor, have performed particularly well in 2024. Competitive rental rates, strong demand, and excellent freeway access have kept tenant retention high.

The Torrance market is stable and tenants rarely relocate.   Sublease availability remains lower than expected, and around 75% of Class A and B buildings in Torrance are retaining their tenants. While the Lax area works through its challenges, Torrance is well-positioned to maintain its competitive edge.

Torrance a favorable option for businesses seeking stability and value, especially in contrast to the softer markets in the broader Los Angeles area.

Torrance – Looking Ahead – 2025 Market Outlook

Looking ahead, Torrance is expected to maintain its resilience through 2025. Sublease availability remains limited, except for a few large spaces, and 75% of Class A and Class B buildings are retaining their tenants, even as rents increase. Meanwhile, in the LAX Area, new buyers are revitalizing Class A and B+ buildings, which may result in lower rents and greater concessions as the market attempts to rebound.

Despite some markets showing unpredictability in 2023 and 2024, the general consensus is that office space in Central Business Districts (CBDs) in LA County may experience an accelerated downturn in early 2025.

For a more detailed analysis of the Torrance office market, exploring dedicated resources like the Torrance Office Market Overview would provide additional insights.

Here is some other good information: https://torranceofficespace.com/torrance-office-market-overview/ 

For assistance in finding the right space, click here https://torranceofficespace.com/