The typical asking rate per listing is in the $30's per square foot per year. The Covina submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $15 per sqft per year. That's a 63% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Covina submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 126 listings have come on the market, so you'll want to check back regularly for new listings. About 5% of the available space in the Covina are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 6,570 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 2 stories. Most buildings in this area were built in 1980 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Covina occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Covina.
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