On average, listings lease in the $30's per square foot per year. The South Coast Metro region is going through a decline in rates. In the last 3 months, the median rate decreased $15 per sqft per year. That's a 30% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the South Coast Metro region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 215 listings have come on the market, so you'll want to check back regularly for new listings. About 6% of the listings in the South Coast Metro are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 2,920 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are close to 12 floors. Most buildings in this area were built in 1984 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 region. Commute by motorcycle is the most popular way to get to work amongst South Coast Metro occupants. Commuting around 20 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 South Coast Metro.
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