Honest Company (HNST) Signs 10-Year Office Lease in Playa Vista, CA

This summary was generated by AI from the company's SEC filing and may contain errors — always verify against the primary source on SEC.gov.

The short version

The Honest Company, Inc. (HNST) entered into a 10-year office lease for approximately 38,240 square feet at 12121 Bluff Creek Drive, Suite 500, in Playa Vista, California, according to an 8-K filing dated June 18, 2026. The lease is with landlord Dellwood Farm LLC and is set to begin no earlier than March 1, 2027. Total base rent over the 10-year term adds up to roughly $33.4 million, with monthly payments starting at about $133,840 and rising to approximately $352,727 by year 10.

The Honest Company, Inc. (HNST) has signed a new 10-year office lease for its headquarters space in Playa Vista, California, the company disclosed in an 8-K filing (a report companies use to announce major news) on June 18, 2026.

The Space and Location

Under the deal, The Honest Company will occupy approximately 38,240 rentable square feet — Suite 500 on the fifth floor of the building at 12121 Bluff Creek Drive, Playa Vista, CA 90094. The building is part of a campus called "The Bluffs." The landlord is Dellwood Farm LLC, a Delaware limited liability company.

Lease Start and Length

The lease runs for 10 years. It is set to begin on the later of March 1, 2027, or the date construction of the tenant's space is substantially completed. The company also has one option to extend the lease for an additional five years after the initial term ends.

Rent Schedule

Monthly base rent starts at $133,840 (roughly $3.50 per square foot) in year one and steps up each year, reaching $352,727 per month (roughly $9.22 per square foot) in year 10. The filing notes that some early rent may be reduced through a rent abatement (a temporary discount or free-rent period) as described in the lease.

The full base rent schedule, per the filing, is as follows:

Lease Year	Annual Base Rent	Monthly Rent
1	$1,606,080	$133,840
2	$1,720,800	$143,400
3	$3,326,880	$277,240
4	$3,443,321	$286,943
5	$3,563,837	$296,986
6	$3,688,571	$307,381
7	$3,817,671	$318,139
8	$3,951,290	$329,274
9	$4,089,585	$340,799
10	$4,232,720	$352,727

Other Key Terms

Tenant improvement allowance: The landlord will contribute $180.00 per square foot (totaling roughly $6.9 million) to help The Honest Company build out the space.
Security deposit (letter of credit): The Honest Company must provide a $1,200,000 letter of credit (a bank-backed guarantee) as security, though this amount can be reduced over time as described in the lease.
Parking: The company has the right to rent up to 153 unreserved parking spaces, with some convertible to reserved spots; two reserved spaces are to be equipped for electric vehicle (EV) charging.
Right of first refusal: The Honest Company has the right of first refusal on additional space on the fifth floor of the building, meaning it gets the first chance to lease that space if it becomes available.
Brokers: Cushman & Wakefield represented The Honest Company; Lincoln Property Company represented the landlord.

The company's current address — 12130 Millennium Drive, Suite 500, Los Angeles, CA — is listed as its address prior to the lease commencement date.

Key facts

The Honest Company, Inc. (HNST) signed a 10-year office lease filed June 18, 2026.

Premises: approximately 38,240 rentable square feet, Suite 500, 12121 Bluff Creek Drive, Playa Vista, CA 90094.

Landlord: Dellwood Farm LLC.

Lease commencement: the later of March 1, 2027, or substantial completion of tenant improvements.

Monthly base rent starts at $133,840 (year 1) and rises to $352,727 (year 10).

Tenant improvement allowance: $180.00 per RSF (approximately $6.88 million total).

Security deposit (letter of credit): $1,200,000.

One 5-year extension option available to the tenant.

Right of first refusal on remaining 5th-floor space.

Brokers: Cushman & Wakefield (tenant); Lincoln Property Company (landlord).

Why it matters

This lease locks The Honest Company into a long-term, fixed financial obligation starting in 2027. Adding up the base rent schedule across all 10 years totals approximately $33.4 million — a meaningful recurring cost for a consumer-goods company of Honest's size. The significant jump in monthly rent from year 2 ($143,400) to year 3 ($277,240) suggests a rent abatement or reduced-rent period in the early years of the lease that investors should watch for in future filings. The $6.9 million tenant improvement allowance from the landlord partially offsets build-out costs, but the $1.2 million letter of credit requirement also ties up capital. The move from Millennium Drive to Bluff Creek Drive keeps the company in the same Playa Vista neighborhood, signaling operational continuity rather than a major relocation.

Frequently asked

Where is The Honest Company moving?

The Honest Company is moving to Suite 500 at 12121 Bluff Creek Drive in Playa Vista, California — the same general neighborhood as its current address.

How long is the new lease and when does it start?

The lease is for 10 years. It starts on the later of March 1, 2027, or when construction of the tenant's space is substantially completed. There is also a 5-year extension option.

How much will The Honest Company pay in rent?

Monthly base rent starts at $133,840 in year one and increases each year, reaching $352,727 per month in year 10. The filing notes early rent may be partially reduced through a rent abatement provision.

Who is the landlord in this deal?

The landlord is Dellwood Farm LLC, a Delaware limited liability company.

What the filing reported

1.01 Entry into a Material Agreement

2.03 Creation of a Material Financial Obligation

9.01 Financial Statements & Exhibits