Long Beach: A Market That Defies Simple Definition
The Long Beach office market reflects a city with several distinct identities. Long Beach combines the infrastructure of a major port city with the lifestyle appeal of a Southern California coastal community. Its waterfront, established neighborhoods, and varied business districts give companies a wide range of locations to consider.
Distinct Neighborhoods and Business Districts
Long Beach operates as a collection of distinct submarkets, each with its own character which gives access to several commercial environments within one city
Belmont Shore and 2nd & PCH are coastal settings, while Retro Row, East Village Arts District, Zaferia, Los Altos and Bixby Knolls feature independent businesses and neighborhood commercial districts.
Developed by Sares Regis Group next to the Long Beach airport, Douglas Park brings together industrial, office, retail, and hospitality within a master-planned setting. LBX and The Hangar are showcase developments largely seen as exemplary projects by many California city planners.
Downtown Long Beach Continues to Evolve
Downtown Long Beach has experienced challenge and change. The unsheltered population remains a large problem, however residential development continues its expansion, and the new population is changing how downtown Long Beach is being used. From 2015-2024, some 3,000 new residential apartments were built in downtown. In Q4 2026, an additional, 3,000 apartments are nearing entitlement, under construction or near completion. This new product has been five years in the making
Eastside & Residential Development
Redevelopment is changing several parts of Long Beach.
Near 2nd & PCH, residential projects are replacing former office and retail properties. These changes reduce some existing commercial inventory while bringing more residents into Eastside Long Beach.
LA28
Long Beach will serve as the 2nd largest venue city for the 2028 Olympic & Paralympic Games next to Los Angeles, hosting 11 Olympic and seven Paralympic sporting events across seven local venues. This unusually large role is reinforcing investment in the waterfront and other public infrastructure. Long Beach’s role in the 2028 Olympic and Paralympic Games is drawing attention to its waterfront, venues, and public infrastructure.
Coastal with Relative Affordability
Long Beach offers a coastal location with access to major employment centers and the regional transportation network.
Depending on the building and neighborhood, tenants find accessible pricing than in neighboring coastal markets. However, asking rent tells only part of the story. Parking charges, operating expenses, concessions, and improvement costs also influence the value of a lease.
Long Beach Office Advantage
Office tenants can consider downtown towers, coastal locations, neighborhood buildings, Douglas Park or the 405 corridor. Each offers a different balance of access, amenities, image, and cost.