El Segundo emerges as a top office submarket

While the Los Angeles office market faces challenges, El Segundo offers a contrasting narrative. Once renowned for its concentration of aerospace, defense and manufacturing firms, the area started broadening its tenant profile after the Cold War. Today, El Segundo not only is home to those established industries but also has expanded to include many financial and professional service providers. A boost in government spending on aerospace and defense has also bolstered the area.