On average, listings lease in the $20's per square foot per year. The Oak Creek submarket is going through a an increase in rates. In the last 3 months, the median rate rose $21 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Oak Creek region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 26 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 8% of the available leases in the Oak Creek are subleases, so you will probably have to consider a longer term lease. 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 8,410 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are approximately 2 floors. Most buildings in this region were built in 2001 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Oak Creek residents. Commuting between 20 and 25 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 Oak Creek.
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