El Segundo is recovering nicely from the high-tech downturn of several years ago, reporting the strongest showing of all South Bay submarkets the third quarter of 2005 by signing 250,000 square feet of office space to new tenants. Class A vacancy rates, which had risen as high as 23 percent, have dropped to under 14 percent and look to continue their downward trend.

El Segundo is also prized for its affordable leasing rates, which are considerably lower than those of West Los Angeles and other key business sectors.

Average Asking Rents by Submarket, 2nd quarter of 2007, Class A Buildings: