Southern Section South Bay: A 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, spanning roughly 10 square miles, has experienced rapid growth and strong tenant demand. Industries such as entertainment, technology, media, software, private equity, and financial services dominate this market.

Torrance and Redondo Beach Office Space Market

By contrast, the Torrance and Redondo Beach office markets span 25 square miles, offering significantly lower rental rates. Class A office buildings are limited, primarily located along Hawthorne Blvd in the financial district and the 190th Street Corridor. These premier properties command rents of approximately $3.50 or more per square foot.

Torrance: Strategic Location and Key Tenants

Located about 10 miles south of LAX, Torrance lacks direct access to the 405 Freeway but remains strategically important as the southernmost city in Los Angeles County. Torrance is home to major corporations such as ExxonMobil, Toyota Finance, Skechers, Honda’s North American Headquarters, Herbalife, Honeywell, Robinson Helicopter, Torrance Memorial, and UCLA Health.

Major Attractions and Amenities in Torrance

A highlight of Torrance is the fully renovated Del Amo Fashion Center, one of the ten largest malls in the U.S., featuring luxury brands including Tumi, Tesla, Dolce & Gabbana, Coach, and Nordstrom. Additionally, the Torrance office market is strengthened by developments such as The Crossing, enhancing the appeal of Hawthorne Boulevard and the financial district. Another notable project is The Enclave, recently renovated along the 190th Street Corridor near the 405 Freeway, significantly boosting the area’s attractiveness to office tenants.

Torrance Office Market Stability

Unlike the LAX Area, adversely impacted by downturns in tech, media, and entertainment sectors, Torrance maintains stability thanks to its diverse mix of traditional office tenants. Rental rates in Torrance remain highly competitive, typically $1.50 or more per square foot lower than comparable Class A and B+ buildings near LAX.

Explore Torrance Office Space for high-quality images of good building options with accurate highlighted amenities.

Visit the #WhyTorrance.gov website!

Below are three helpful Torrance maps and the South Bay

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