The typical asking rate per listing is in the $40's per square foot per year. The Bayview submarket is going through a decline in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 15% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Bayview region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 67 listings have been listed, so you'll want to check back regularly for new listings. About 25% of the available space in the Bayview are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 4,180 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 2 stories. Most buildings in this area were built in 1990 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Real estate is the dominant industry in this market. Most of the residents of Bayview work from home. Commuting around 30 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 Bayview.
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