Skechers Lists Manhattan Beach HQ, Could Fetch Near $100M

Skechers is putting its longtime Southern California headquarters up for sale, just eight years after an extensive renovation turned the building into a purpose-built corporate home. The move, first reported by the New York Post’s California edition, offers a case study in how quickly corporate real estate strategies can shift, a dynamic New York executives know well.

The three-story building at 228 Manhattan Beach Boulevard sits just blocks from the Pacific Ocean. It is being marketed through a competitive bidding process handled by commercial real estate firm CBRE. No official asking price has been disclosed, but the report says the property could be worth close to $100 million.

The building spans roughly 28,600 square feet. It was originally built in 1982 and underwent a major refurbishment in 2018. Features include a private, three-level underground parking garage with 69 spaces and the potential for ground-floor retail. The property will be delivered vacant to its next owner.

That last detail is the striking one. A building upgraded less than a decade ago to suit one company’s needs is now being offered without that tenant. Skechers has not disclosed why it is selling. It also remains unclear whether employees will move to another office or what will happen to the company’s apparel store operating from the site.

Location is the central selling point. The property occupies a prime position in downtown Manhattan Beach, within walking distance of the beach, the Manhattan Beach Pier, restaurants and shops. Its size and setting are likely to draw investors seeking a foothold in one of Southern California’s most desirable coastal markets, according to the report.

CBRE vice chairman Stephen Somer said vacant office buildings of this scale and quality in downtown Manhattan Beach are exceptionally rare, framing the sale as a chance for a new owner to take immediate possession.

On valuation, real estate website Movoto estimates the property at about $92.8 million, with a projected range of $83.5 million to $102 million. Those figures are third-party estimates, not an asking price.

The listing arrives as the South Bay office market contends with elevated vacancies. Regional office vacancy reached 23.6 percent in the first quarter of 2026, according to a Colliers report, though average asking rents still rose 3.5 percent year over year. That combination of soft occupancy and firmer rents points to a market where top-tier, well-located assets can still command attention.

Many questions remain open. Whether the headquarters stays an office building or is eventually repurposed is unknown, and there is no confirmed information on its redevelopment rights. For now, the sale will test how much investors will pay for a trophy coastal property that comes empty, in a market where vacancy is high but quality space is scarce.