On average, listings lease in the $20's per square foot per year. The Downtown Long Beach region is seeing a decline in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 16% decline in rent.
In the last 90 days, 458 listings have been made available, so you'll want to check back regularly for new listings. About 10% of the office spaces in the Downtown Long Beach 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.
The standard measurement for office space in this area is around 1,810 sqft. Most properties in this market are close to 6 floors. Most buildings in this market were built in 1975 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Downtown Long Beach occupants. Commuting close to 15 minutes 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 Downtown Long Beach.
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