New York Life Building — Lease in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Los Angeles, CA 90048

Description

Energy Star rated, 22-story Class A office building with GREEN building policies including recycling program. Outstanding Miracle Mile location with substantial frontage along. Professional property management team. Luxurious interior finishes, efficient. Extraordinary views in all directions, ample parking, valet parking, and 24-hour onsite. Renovated Building Lobby, MRKT Cafe, Fitness Center with Rock Wall, Outdoor Patio & Gardens, Tenant Lounge, 3 Conference Room & Event Center, & Dry Cleaning/Shoe Repair Services.

Market Context

This office in Los Angeles, CA is listed for lease. It has been on the market for 196 days. Compare it against other office listings for lease in Los Angeles, CA — view the full market.

As of Q1 2026, the Greater Los Angeles office market showed a 14.7% vacancy rate, average asking rents near $35.40/SF/yr, rents up 0.7% year over year, and cap rates around 5.8%. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Office market FAQ

What is the typical cap rate for office in Greater Los Angeles?
About 5.8% as of Q1 2026, per multiple brokerage reports.
Is the Greater Los Angeles office market tightening or softening?
Vacancy is around 14.7%, with asking rents rising year over year (Q1 2026).

Estimated Market Rate

$3.37/SF/mo – $4.57/SF/mo

Mid: $3.97/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

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