The typical asking rate per listing is in the $120's per square foot per year. The Downtown Santa Monica submarket is going through a a boost in rates. In the last 3 months, the median rate went up $55 per sqft per year. That's a 78% rise in rent.
In the last 90 days, 120 listings have been posted online, so you'll want to check back regularly for new listings. About 8% of the available space in the Downtown Santa Monica 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.
Even though the median size is 8,970 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 4 floors. Most buildings in this area were built in 1988 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Real estate is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Santa Monica folk. Commuting under 5 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 Downtown Santa Monica.
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