Pico Union Industrial

Pico Union

Market Report

Number of Listings
Posted in the last 90 days
4
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
690

Pico Union Rates

Most listings are in the $20's per square foot per year. The Pico Union region is experiencing a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 13% decrease in rent.

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

Pico Union Listing Supply

In the last 90 days, 48 listings have been posted online, so you'll want to check back regularly for new listings. About 8% of the available leases in the Pico Union 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 690 sqft. Most properties in this area are close to 2 stories. Most buildings in this area were built in 1958 and are Class C.

Pico Union Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Pico Union 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.

Market Data

Real time and historical data on commercial real estate listings in Pico Union.
Research