Lake Balboa Industrial Space

Lake Balboa

Market Report

Number of Listings
Posted in the last 90 days
10
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
3,900

Lake Balboa Rates

The typical asking rate per listing is in the $20's per square foot per year. The Lake Balboa submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 21% rise in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Lake Balboa region has lower rates, so you should have no trouble finding a great deal in this discounted region.

Lake Balboa Listing Supply

In the last 90 days, 74 listings have come on the market, so you'll want to check back regularly for new listings. About 4% of the office spaces in the Lake Balboa are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 3,900 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this area were built in 1976 and are Class C.

Lake Balboa Community

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 taxi is the most popular way to get to work amongst Lake Balboa residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Lake Balboa.
Research