The typical asking rate per listing is in the $50's per square foot per year. The El Segundo region is experiencing a an increase in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the El Segundo submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 371 listings have come on the market, so you'll want to check back regularly for new listings. About 17% of the available space in the El Segundo 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 3,010 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are close to 3 floors. Most buildings in this market were built in 1980 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Professional services is the dominant industry in this area. Commute by car is the most popular way to get to work amongst El Segundo residents. Commuting between 30 and 45 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 El Segundo.
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