City Overview

Torrance Prime Class A Office Project
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City Overview

The city profile for Torrance has gained new energy in the past couple years from space, defense and advanced manufacturing, with over 700,000 SF leased in the past year—a notable bright spot in this market.

City of Torrance Geography

The South Bay office market spans several key cities, with Torrance/Redondo Beach at the southern end and Manhattan Beach/El Segundo (the LAX Area) at the north end. The LAX Area which covers approximately 10 square miles, has seen rapid development and strong leasing demand. This growth is fueled by industries like entertainment, technology, media, software, private equity and financial services.

Torrance and Redondo Beach Office Space

By contrast, Torrance and Redondo Beach offer a less expensive option for renting office space across a 25 square-mile area. Class A office space is limited, but there are a few high-quality buildings in the  financial district on Hawthorne Boulevard and also along the 190th Street corridor. These premium offices typically lease for around $3.25 per square foot or more.

Why Torrance Stands Out: Location and Major Employers

Torrance is located about 10 miles south of LAX. It remains a strategic business hub as the southernmost coastal cities of Los Angeles County. Alongside major companies and headquarters, Torrance is increasingly being shaped into a new “production center” for the new generation of defense/space companies.  These include:

  • Toyota Finance

  • GITAI (space robotics)

  • Epirus, Inc. 

  • A2Z Drone Delivery

  • Skechers

  • Moog Aircraft Group

  • Hadrian (AI machining)

  • Northwood Space (satelite ground communications) 

  • Heart Aerospace (electric aircraft)

  • Castelion (defense/Blackbeard hypersonic missile)

  • Honda Motor Corp

  • Herbalife

  • FlightWave Aerospace Systems (drones)

  • Valar Atomics

  • Karman Space and Defense

  • Antares (microreactor/nuclear-power)

  • AnySignal (space communications)

  • Northwood Space

  • K2 Space (satelites) 

  • Honeywell

  • Robinson Helicopter

  • Torrance Memorial

  • UCLA Health

  • Other advanced manufacturing newcomers are Moog, Epirus, Intellisense, Mercury, Stellant, Honeywell and 3DEO.

Amenities and Development

Torrance is also known for Del Amo Fashion Center, one of the largest malls in the country featuring brands like Tesla, Nordstrom, Dolce & Gabbana, Tumi, Apple, Prada, Tiffancy & Co., Gucci and Burberry.

The Crossing is in the financial district offering new Class A spec suits. Enclave oappeals to office occupiers on 190th St.

Torrance Office Market

Unlike the LAX office market, which has faced challenges from slowdowns in tech, media, and entertainment, Torrance remains steady thanks to its diverse mix of traditional industries and large uptick in robotics, aerospace, drone, satelite, defence and advanced manufacturing tenants.. Office rents in Torrance are typically $1.25 or more per square foot lower than similar Class A or B+ properties in the LAX Area, making it a strong value play for tenants.

Browse Torrance Office Space Listings

Explore Torrance Office Space to view high-quality building images, accurate property highlights, and top leasing opportunities in the South Bay market.

TorranceOfficeSpace.com

Three Helpful Torrance and South Bay Maps

https://torranceofficespace.com/three-good-maps-for-southbay-and-torrance/

 

 2026 Market Outlook

https://torranceofficespace.com/2026-market-outlook-for-office

 

Why Locate Your Business Here ? 

WhyTorrance.gov

Q4 2026 & 2027 Office Market Outlook for Torrance

2025 Outlook for Office Space in Torrance CA

Looking Ahead to 2027

Indications are that the Q4 2026 & 2027 Office Market Outlook for the coming year with new momentum from space, defense and advanced manufacturing, which accounted for over 700,000 SF of leasing in 2026.

Torrance Office Market Stability Amid Regional Challenges

The current state of the Torrance office market remains notably stable and is projected to maintain this resilience through 2026, despite ongoing challenges impacting neighboring areas like the beach cities, El Segundo, and the LAX corridor.

Comparison with Neighboring Markets

An office space comparison with the El Segundo, Hermosa Beach, Manhattan Beach, Redondo Beach, and LAX Area provides valuable economic context. These areas have recently faced significant declines in demand due to factors such as layoffs, a shift toward permanent telecommuting, and disruptions within the tech and media sectors. Over the past decade, office space in these markets commanded premium rental rates, typically $1.50 to $2.00 or more per square foot compared to Torrance. In contrast, Torrance continues to thrive with a vacancy rate consistently below 11%.

Thriving Torrance Submarkets

Key Torrance office submarkets, namely the Hawthorne Boulevard financial district and the 190th Street Corridor, are performing well. These areas benefit from competitive rental rates, consistent tenant demand, and superior freeway accessibility. A significant strength of the Torrance market is its high tenant retention rate, with approximately 75% of Class A and B buildings successfully maintaining their tenants, thereby contributing significantly to the area’s market stability.

2nd Half of 2026 Market Outlook

Looking ahead, Torrance is expected to sustain this positive momentum. Sublease availability remains limited, with only a few larger spaces on the market. Tenant retention continues to be robust even amid incremental rent increases.

Conversely, the LAX corridor is seeing new investments aimed at revitalizing Class A and B+ buildings. This may lead to reduced rents and increased leasing incentives as the area navigates its recovery

Torrance as a Stable Choice in a Volatile Market

While broader market volatility is anticipated to persist across Central Business Districts (CBDs) in Los Angeles County, Torrance stands out as a consistently stable and attractive option for businesses prioritizing value, consistency, and location advantages.

 

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TorranceOfficeSpace.com 

2027 Outlook Torrance Office Space Market”

2027 Torrance Office Space Market Outlook

To find and secure office space in Torrance, visit: 

TorranceOfficeSpace.com