Miracle Mile Industrial

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Miracle Mile

Market Report

Number of Listings
Posted in the last 90 days
1
Median Rate ($/sqft/yr)
$66
Median Size (sqft)
3,370

Miracle Mile Rates

Most listings are in the $60's per square foot per year. The Miracle Mile submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 8% decrease in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Miracle Mile region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Miracle Mile Listing Supply

In the last 90 days, 103 listings have been made available, so you'll want to check back regularly for new listings. About 5% of the listings in the Miracle Mile 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 3,370 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 6 stories. Most buildings in this market were built in 1971 and are Class A.

Miracle Mile Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Miracle Mile occupants. Commuting under 5 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 Miracle Mile.
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