Third Street Promenade, Santa Monica Pier, beach.
Third Street Promenade, Santa Monica Pier, beach.
Third Street Promenade, Santa Monica Pier, beach.
Premium hotel and dining inventory is tight to the submarket — important for international client hosting.
| city | Los Angeles |
|---|---|
| submarket | Santa Monica |
| tier | prime |
| averageRentLocal | $88/sqft/yr |
| cityClassARentUsd | $65/sqft/yr |
| cityVacancyPct | 22.5% |
Reviewed by Miriam Hollander — Lead market analyst. Last updated 2026-04-15. See our methodology and editorial standards.