The Honest Company, Inc. has entered into a new 10-year lease agreement to relocate its corporate headquarters to Playa Vista, California. The move is planned for May 1, 2027, coinciding with the expiration of its current headquarters lease.
Key Details
- Lease Agreement: The agreement, dated June 14, 2026, is for approximately 38,240 square feet located at 12121 Bluff Creek Drive.
- Financial Obligation: The total base rent commitment over the initial 10-year term is approximately $33,440,756, which is net of a ten-month rent abatement. The company is also required to provide a $1.2 million letter of credit.
- Terms & Allowances: The lease includes a one-time tenant improvement allowance of $180.00 per rentable square foot. It also grants the company one five-year renewal option and a right of first refusal for additional space on the same floor.