Most listings are in the $20's per square foot per year. The Rancho Palos Verdes region is seeing a decrease in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 29% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Rancho Palos Verdes submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 22 listings have come on the market, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 9% of the office spaces in the Rancho Palos Verdes are subleases, so you will probably have to consider a longer term lease. 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 1,200 sqft. Most properties in this region are approximately 2 stories. Most buildings in this market were built in 1985 and are Class C.
Real time and historical data on commercial real estate listings in Rancho Palos Verdes.
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