Ocean Park Plaza — Lease in Santa Monica, CA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Santa Monica, CA 90405

Description

Commercial property listing from JLL. Property: Ocean Park Plaza.

Market Context

This office in Santa Monica, CA is listed for lease. It has been on the market for 166 days. Compare it against other office listings for lease in Santa Monica, 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).

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