Skechers has put its own corporate headquarters on the market, listing the nearly 30,000-square-foot, three-story Class A building at 228 Manhattan Beach Blvd. for sale through a competitive bidding process. The building will be delivered vacant, and CBRE has been tapped to find a buyer for the purpose-built property that has housed the sneaker giant's operations in the heart of downtown Manhattan Beach.
CBRE has been named the listing agent for the property, according to Connect CRE. A team of CBRE executives, including Vice Chairmen Stephen Somer and Anthony DeLorenzo and Senior Vice Presidents Bob Healey, John Lane and Brooke Silver, are marketing the property on behalf of Skechers, the outlet reports. The building was extensively renovated in 2018 and includes a 69-stall private, three-level subterranean parking garage, along with an opportunity for ground-floor retail.
Somer, per the same account, called the offering unusual for the market, saying vacant Class A office buildings of this scale in downtown Manhattan Beach are exceptionally rare. He added that the property offers immediate occupancy in a sought-after Southern California coastal business community, a pitch aimed at buyers eager to move quickly in a tight beach-adjacent submarket.
A Headquarters Built For One Company, Now Up For Grabs
Skechers' corporate headquarters has anchored 228 Manhattan Beach Blvd. for years, with the building serving as a purpose-built home base for the footwear company, according to a history posted on the South Bay history blog. The company's roots in the beach city run deep, and the headquarters listing marks a notable shift for a business that built its name there before growing into a multibillion-dollar operation.
The listing lands amid a South Bay office market still working through elevated vacancy. Office vacancy across the region increased by 20 basis points to 23.6% in the first quarter of 2026, according to a Colliers research report. At the same time, sublease availability declined for a third straight quarter to 4.1%, and leasing activity totaled 672,494 square feet in the quarter, exceeding the 2025 quarterly average by 14.2%.
Signs Of A Market Finding Its Footing
El Segundo led the South Bay with 82,746 square feet of positive net absorption in the first quarter, Colliers found, while the average asking rent across the region climbed 3.5% year over year. Colliers attributes the region's expected stabilization in 2026 to contracting inventory paired with sustained demand from aerospace and automotive tenants in the area's innovation corridor.
Nearby transactions suggest investors see upside in Manhattan Beach office real estate even as vacancy lingers. Lincoln Property Co. acquired a Manhattan Beach office building from Continental Development Corp. for $70 million, the Los Angeles Times reported, with that property carrying potential for apartment development. Continental Development Corp. told the Times that the seaside town has had few opportunities to build new apartments over the past 40 years, and the acquired site sits near the Manhattan Village Shopping Center, which underwent a $250 million renovation in 2021.
Whether a similar path awaits the Skechers headquarters is unclear, since the evidence available does not establish the subject property's zoning or redevelopment rights. Separately, the City of Manhattan Beach's planning department lists a project called Skechers Design Center and Offices among proposed large-scale commercial developments spanning Manhattan Beach and Hermosa Beach, though the city's page does not establish that project's approval status or its connection to the headquarters now on the market, per city planning records.
